HUL DIVESTMENT
NDA win impact: HUL, HDFC Bank among 31 stocks ideas likely to bounce back
Portfolio allocations and future policies of the NDA govt will be a key determinant of market movements, said a report by Prabhudas Lilladher
Hot Stocks: Brokerage view on Sunteck Realty, L&T, UltraTech Cement, HUL & ITC
CLSA continues to like HUL, ITC, and Dabur India while it has maintained its sell rating on Britannia Industries and Nestle India on account of high valuations.
4 consumption & IT stocks to buy on dips: Hemang Jani
Valuation comfort is not present in midcap IT companies like Coforge, Persistent or Mphasis, and there is a possibility of business impact due to banks. However, in large IT names like TCS and Infosys, there is negative sentiment but the valuation comfort is good, with no risk to earnings guidance given by companies. Utilities are going up due to high dividend payout expectations and improvement in standalone refiners' profitability with the positive trend in GRM.
Skyrocketing Success! Sanjiv Mehta’s sown seeds make HUL grow like a Banyan Tree
HUL’s annual turnover and profits have more than doubled since 2013 under Mehta’s stewardship
Stocks in news: HUL, United Breweries, Adani Wilmar, Cipla, Kotak Bank
Hindustan Unilever Ltd (HUL) has entered into definitive agreements with Uma Global Foods to divest its “Annapurna” and “Captain Cook” brands in the “atta and salt” categories of the foods business for Rs 60.4 crore.
HUL to sell Annapurna and Captain Cook to Reactivate Brands International for Rs 60 crore
The brands, which posted annual sales of Rs127 crore during FY22, are being sold to Uma Global Foods Pte Ltd., and Uma Consumer Products Private Ltd. which are subsidiaries of Reactivate Brands and an affiliate of CSAW Aqbator Pte Ltd which is focused on acquiring and scaling up food brands to promote affordable wellness.
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HUL’s sale of 2-decade old brands unlikely to turn D-Street bitter
The FMCG on Friday signed a deal with Singapore-based Reactivate Brands International to divest the two brands in the “atta and salt” categories of the foods business for Rs 60.4 crore
Stocks in the news: HUL, Sun Pharma, Adani Enterprises, IndiGo, Paytm and Lupin
Adani Enterprises has acquired 100 percent stake in Alluvial Mineral Resources, from Adani Infra (India). Alluvial Mineral Resources is engaged in mining of minerals & ores activities and other allied activities.
Stocks in the news: Axis Bank, Tata Motors, Adani Green, HUL, Lupin, Tata Power and Nykaa
Adani Green, Eicher Motors, Apollo Hospitals, Page Industries, Zomato, Trent, Jindal Steel , Indian Hotels, ConCor, Samvardhana Motherson and NHPC are among the companies that will announce their results for September 2022 quarter today.
D-St logs longest winning run of the year as Sensex reclaims 60K; Nifty tops 17,900 level
The 30-share pack settled 417.92 points higher at 60,260.13. Its broader peer, Nifty50, advanced 119 points and managed to top the 17,900 mark. This was the seventh consecutive day of gains for the index.
7 FMCG and textile stocks to bet on now: Hemang Jani
“It is positive news for the integrated textile players and particularly the ones having a good presence in the export market. KPR Mills, Vardhaman Textiles, Himatsingka Seide Ltd are some of the names where we expect some positive ruboff. Among FMCG stocks, number one is Godrej Consumer Products followed by HUL and Dabur. The fourth would be Britannia.”
Activist on parent's board could give HUL a new growth lever
The stock of Unilever Plc surged 9% on the news of Nelson Peltz of Trian Fund Management, one of the largest shareholders of the global consumer major, being appointed as a non-executive director on the board as well as a member of the compensation committee.
What does Unilever's restructuring plan mean for HUL?
With an average underlying sales growth of 2.9% from 2016 to 2020 and an underlying operating margin of 18.5% for the year 2020, the Anglo-Dutch parent has underperformed its Indian arm. Unilever has now decided to structure its business portfolio into five segments — beauty and well-being, personal care, home care, nutrition, and ice cream.
SGX Nifty down 100 points; here's what changed for market while you were sleeping
Asian shares markets were trading mixed on Monday despite a rally on Wall Street as super-strong US corporate earnings sucked funds out of emerging markets and fears over the spread of the coronavirus Delta strain spooked the traders. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.87 per cent.
Why Chakri Lokapriya would stay away from ITC and HUL
While profitability is expected to return to ITC's cigarette business, the CIO of TCG AMC would prefer to avoid it.
Stocks in the news: HUL, L&T, Britannia, M&M, ACC and BPCL
Larsen & Toubro is close to bagging its largest order ever as it has emerged the lowest bidder to construct a significant part of the Ahmedabad-Mumbai bullet train project.
GSK sells $3.35 billion stake in Hindustan Unilever
The 133.77 million shares were offloaded on average for 1,905 rupees, according to a statement from GlaxoSmithKline.
Consumer space will see lot of sachetisation now: Nilesh Shah
‘Strategic disinvestment will allow more value accretion than piecemeal moves’
HUL to acquire VWash from Glenmark Pharma
The deal includes acquisition of intellectual property rights including trademarks, design and know-how related to the VWash brand, that was launched in 2013 and is the market leader in the female intimate hygiene category.
Market Movers: TVS, Bajaj Auto crack; 450 stocks hit 52-week lows; 30 give ‘buy’ signals
BSE flagship Sensex slipped 153 points to 38,144 while Nifty fell 69 points to 11,132.
NCLT clears GSK-HUL merger, paves way for GSK Plc’s exit through huge block deal
Officials aware of the developments say Morgan Stanley is readying the share sale process.
Traders go short on Coal India, Eicher and ITC, add long positions in HUL
ET takes a look at 5 stocks which are gaining momentum in the February derivatives series.
GSK weighs multi-billion New Year bonanza by cashing out HUL stake
The company is hoping to cash out what will be a near 6 per cent stake in HUL.
Taxmen begin scrutiny of Unilever-GSK deal
Tax officials could also raise the issue that GST of 12% is applicable on the overseas transaction.
HUL to exit joint venture with US-based KCC
The company has signed an agreement for divestment of its 50 per cent shareholding in KCLL, in favour of KCC, HUL said in a BSE filing.
Investors stay out; traders can exploit aberrations for big gains
Sentiments are approaching higher levels. The risks of a sudden reversal have increased.
At HUL, volume push, cost cuts may get priority
Given the targets set by Unilever, HUL's investors may well brace themselves for the company undertaking measures to boost volumes, cut costs, maintain the record-high margins and shed some non-yielding businesses.
Why ITC can do better than HUL in food business
There are lot of regional players doing well in foods, but very few national ones. So, how does the space looks like for the two largest FMCG players -HUL and ITC?
HUL plans to exit JV with Kimberly-Clark
HUL and KCC have enjoyed a long standing partnership over two decades and have built a strong foundation for the baby and child care and feminine care.
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