HUL hit a new 52 weeks high of 2,414.40 and is currently trading with more than 10% or 234.5 points gain at 2,388.60.Bank Nifty gained nearly 10% on positive global clues.
Indian market is trading higher after yesterday’s holiday.The NSE Nifty soared 589.75 points, or 7.30 per cent, to 8673.55. Similarly BSE Sensex and Bank Nifty are trading 7-9 per cent higher.
Hindustan Unilever Limited(HUL) is a India’s largest FMCG company and with today’s rally company’s market capital is also zoomed above 5 lakh crores at 517094.68 crores.
Banking stocks are trading considerably higher in todays’ trade .IndusInd ,Axis and ICICI bank have rallied 12-19 per cent.Only Bandhan bank in Bank Nifty is trading lower.