In eight consecutive trading sessions, Hindustan Unilever Ltd’s slipped by 1.51 % to Rs 2,545.05. Shares of the FMCG major lost 6.35% in the recent closing high of Rs 2,717.70 on December 19, 2022.

On the BSE, 16,533 shares were traded compared to daily average volumes of 56,372 in the previous week. The stock hit a high of Rs 2,581.85 and a low of Rs 2,540.25.

In December 2022, the stock hit a 52-week high of Rs 2,741; in March 2022, the stock hit a 52-week low of Rs 1,901.8. The stock had underperformed the market over November, declining 3.35% compared to a 3.28% fall in the Sensex.

• Indian Oil Announced Q4 Earnings; Net Profit Plunges 49% 
• RVNL Shares Gain as JV Secures Project Worth Rs 438 Crore
• Granules Shares Gain 2% on USFDA Approval 
• Patanjali Foods Shares Slump 4% on Receiving Show Cause Notice 
• KEC International Shares Rally 6% on Securing Orders Worth Rs 1,036 crore

In the previous three months, the scrip had underperformed the market, sliding 5.8% against Sensex’s 7.47% jump. However, the counter outperformed the market in 2021, advancing 10.31% against a 4.87% increase in the Sensex.

As per the chart, the stock was trading below its 50-day moving average (SMA) at 2,585.27, and the 100-day simple moving average (SMA) placed at 2,599.77.

This company is India’s largest FMCG company, and the net profit reported at 20% to Rs 2,616 crore on a 16% rise in net sales to Rs 14,514 crore in July-September of FY23 over July-September of FY22.