HUL Gains 4% after Societe Generale buys 129 million shares via bulk deal

Published On: Friday, May 8, 2020 | By: Team KnowMyStock

FMCG sector Hindustan Unilever (HUL) shares jumped over 4 per cent to Rs 2,075 in the morning trade on May 8 after Societe Generale, a French multinational investment bank and financial services company had bought 1.29 crore shares of the company at Rs 1,902 per share. The stock is among the most active stocks on NSE in terms of value with 23,62,605 shares being traded at 09:30 hours. On Thursday, UK-based Glaxo-SmithKline (GSK) and Horlicks Limited offloaded 5.69 per cent stake in HUL via block deals. For the quarter ended March 2020, HUL last week reported a 7 per cent decline in volumes. Profit before tax fell 10.6 per cent to Rs 1,992 crore for the period, while net profit declined 1.2 per cent year-on-year (YoY) to Rs 1,519 crore in Q4. Global research firm Credit Suisse has maintained its outperform call on the stock with the target at Rs 2,400 per share.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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