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HUL shares fall over 4 pct

March 11, 2010
bse | FMCG | HUL | India | Stocks

Consumer goods maker Hindustan Unilever fell over 4 percent on Thursday to close at 229 rupees and was the top loser among Sensex components.

The firm, which is a unit of Anglo-Dutch firm Unilever, also ended as the top loser on the BSE FMCG Index, which dropped 0.8 percent and was one of the top sectoral losers.

The pricing war in the detergent segment is hurting the stock, said Anand Shah, research analyst with Angel Stock Broking.

The BSE FMCG Index has gained over 5 percent this month, but HUL shares have fallen nearly 3 percent in the period. Would you invest in this stock now?

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