Friday, 18 December 2015

HUL gains after acquiring ‘Indulekha’ brand

The company said that it will buy Indulekha, Vayodha trademarks, intellectual property, design for Rs.330 crore consideration.


HUL1
Hindustan Unilever gained 0.8% to Rs. 871.50 on BSE. The company said that it will buy Indulekha, Vayodha trademarks, intellectual property, design for Rs.330 crore consideration.

The scrip opened at Rs. 868 and has touched a high and low of Rs. 873 and Rs. 865.1 respectively. So far 124,109 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 186980.08 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 979 on 11-Mar-2015 and a 52 week low of Rs. 744 on 26-Dec-2014. Last one week high and low of the scrip stood at Rs. 867.55 and Rs. 816.15 respectively.

The promoters holding in the company stood at 67.21 % while Institutions and Non-Institutions held 18.72 % and 14.06 % respectively.

The stock is currently trading below its 200 DMA.

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