HUL shares fall nearly 3% to Rs 1,526 after Q2 results; market cap drops by Rs 9,101 cr
Hindustan Unilever (HUL) was the worst hit among the 30-Sensex components
New Delhi: Shares of Hindustan Unilever Ltd (HUL) on Monday fell by nearly 3 percent even as the FMCG major reported a 19.51 percent increase in net profit for the September 2018 quarter.
The scrip ended 2.68 percent lower at Rs 1,526.60 on the BSE. During the day, it tanked 4.35 percent to Rs 1,500.40.
The stock was the worst hit among the 30-Sensex components.
Representational image. Reuters.
On the NSE, shares of the company fell by 2.48 percent to settle at Rs 1,530.55.
The company's market valuation tumbled Rs 9,101.69 crore to Rs 3,30,455.31 crore on the BSE.
In terms of the equity volume, 2.92 lakh shares of the company were traded on the BSE and over 39 lakh shares changed hands on the NSE during the day.
HUL on Friday reported a 19.51 percent increase in net profit to Rs 1,525 crore for the September 2018 quarter on account of double digit growth across the categories.
The company had posted a net profit of Rs 1,276 crore during the same period last fiscal.
Sales during the quarter under review stood at Rs 9,138 crore as against Rs 8,199 crore in the year-ago period, up 11.45 percent, HUL said in a regulatory filing.
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