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Hindustan Unilever slips below 200-dma ahead of results

Source : REUTERS
Last Updated: Mon, Jan 21, 2013 06:10 hrs
HUL posts 21 pct rise in Q2 profits

Shares in India's Hindustan Unilever fall 0.8 percent, dipping below its 200-day moving average for the first time since May 5, 2011.

Falls in Hindustan Unilever come ahead of October-December results due on Tuesday. India's largest consumer goods maker is expected to post a 16 percent rise in third quarter net profit to 8.8 billion rupees, according to StarMine analyst estimates.

Analysts say comments on volume growth and royalty payments to Unilever Plc would be key.

Hindustan Unilever shares have fallen 11.2 percent since Oct. 26 as of Friday's close, after volume growth disappointed in the July-September quarter as well as on royalty payment concerns.


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