HUL stock price near 52-week high

9 Dec 2022 , 12:49 PM

After the business announced its entry into the health & wellbeing category on Friday, shares of FMCG giant Hindustan Unilever (HUL) continued the winning streak for the fifth straight trading session. As of 10:55 AM on the BSE, the stock had reached a new 52-week high of Rs 2,741 and was up 0.7% at Rs 2,720. Around 14,000 shares have been traded on the counter.

The S&P BSE Sensex, meanwhile, entered the red and was down 0.3% at 62,360. HUL announced on Thursday that it had paid Rs 264.28 crore for the majority of Zywie Ventures, which offers plant-based and clean-label consumer health products like OZiva. Indirectly, Zenherb Labs, a Zywie subsidiary, will be acquired by the FMCG giant. By January 2, the business expects to have finished the initial acquisition phase of Zywie.

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