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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