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FMCG Historical case study · data as of 30 Jun 2026 · published 03 Oct 2026 (95 days later)

Hindustan Unilever — 100-point case study

How Hindustan Unilever looked on 50 technical and 50 fundamental measures on 30 Jun 2026 — and what happened over the next three months. Education only; not a current view.

Codes	NSE: HINDUNILVR · BSE: 500696
Close on 30 Jun 2026	₹2,118.20
Market cap then	₹4,97,690 crore
Valuation	P/E 33.0× · P/B 10.21×
Momentum	RSI (14) 41 · 1-year return -7.7%
Next 3 months	-13.3% vs Nifty 50 -6.0% (to 01 Oct 2026)

Scorecard

Technical — 50 points

5 bullish · 21 neutral · 1 caution · 22 bearish — the picture leaned negative.

Fundamental — 50 points

6 bullish · 35 neutral · 6 caution · 2 bearish — the picture leaned positive.

Price chart

Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance

Data note: Price history is not adjusted for the ice-cream demerger (Kwality Wall's, ex-date 5 Dec 2025, when the price dropped about 5%). Readings that reach back before that date — the 1-year return, 200-day average, 52-week high — overstate the decline.

Technical analysis — 50 points

Calculated by code from daily prices up to 30 Jun 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).

A. Trend

#	Point	Reading	Tag	Commentary
1	Short-term trend (20 days)	slope +0.18%/day	Bullish	Over the last 20 sessions the regression line of closing prices was rising about 0.18% a day — a short-term uptrend.
2	Medium-term trend (~5 months)	3M return +1.6%	Bearish	The 100-session trend line was down (-0.08%/day) and the stock was +1.6% over three months, so the medium-term picture was bearish.
3	Long-term trend (1 year)	1Y return -7.7%	Neutral	Compared with a year earlier the price was -7.7%. Little net progress over twelve months. (Caution: the series includes the Dec 2025 demerger price drop, which is not a market move.)
4	Weekly chart trend	10W 2,194.52 / 30W 2,244.94	Bearish	On the weekly chart the stock showed a weekly close below the 10-week average, which sat below the 30-week.
5	Swing structure (highs/lows)	last highs 2,408.00→2,224.60; lows 2,211.60→2,065.70	Bearish	The two most recent swing points showed lower swing highs and lower swing lows — classic downtrend structure.
6	ADX (14) — trend strength	15.6	Neutral	ADX at 15.6 signals a weak or absent trend (below 20) — range-bound conditions. ADX measures strength only, not direction.
7	+DI vs –DI	+DI 19.9 / –DI 23.7	Bearish	–DI was above +DI: sellers had the upper hand in directional movement.

B. Moving averages

#	Point	Reading	Tag	Commentary
8	Price vs 20-day SMA	2,150.97 (-1.5%)	Bearish	Close of 2,118.20 was 1.5% below the 20-day SMA — the short-term trend filter was negative.
9	Price vs 50-day SMA	2,216.80 (-4.4%)	Bearish	Close of 2,118.20 was 4.4% below the 50-day SMA — the medium-term trend filter was negative.
10	Price vs 200-day SMA	2,336.32 (-9.3%)	Bearish	Close of 2,118.20 was 9.3% below the 200-day SMA — the long-term trend filter was negative. (Caution: the series includes the Dec 2025 demerger price drop, which is not a market move.)
11	9 / 21 EMA crossover	9E 2,158.60 / 21E 2,167.27	Bearish	The 9-day EMA was below the 21-day EMA; the last crossover happened on 24 Jun 2026.
12	Golden / death cross (50 vs 200)	no cross in data window	Bearish	The 50-day average was 5.1% below the 200-day. No 50/200 crossover occurred in the data window. (Caution: the series includes the Dec 2025 demerger price drop, which is not a market move.)
13	50-day SMA slope	+0.7% in 20 sessions	Bullish	The 50-day average rose 0.7% over the past month — rising.
14	MA ribbon alignment	2,151 / 2,217 / 2,226 / 2,336	Bearish	The 20/50/100/200-day averages were perfectly stacked bearish (20 < 50 < 100 < 200). (Caution: the series includes the Dec 2025 demerger price drop, which is not a market move.)
15	Monthly anchored VWAP	2,144.48 (-1.2%)	Bearish	Anchored to the start of June, the volume-weighted average price was 2,144.48; the close was below it — buyers that month were on average under water.

C. Momentum

#	Point	Reading	Tag	Commentary
16	RSI (14)	40.8	Bearish	RSI at 40.8 reflected soft, below-average momentum.
17	RSI divergence (last 40 days)	bullish divergence	Bullish	Comparing the last 20 sessions with the 20 before: bullish divergence: price made a lower low but RSI made a higher low — selling momentum was fading.
18	MACD line vs signal	MACD -10.21 / signal -9.69	Bearish	MACD was below its signal line — momentum turning or staying negative.
19	MACD histogram (5-day change)	7.69 → -0.52	Bearish	The histogram fell over the last five sessions, meaning momentum was weakening.
20	MACD vs zero line	-10.21	Bearish	MACD below zero means the 12-day EMA was below the 26-day EMA — a negative momentum regime.
21	Stochastic (14,3,3)	%K 33.9 / %D 47.6	Bearish	Slow stochastic at 33.9 was mid-range with %K below %D.
22	Williams %R (14)	-96.4	Caution	%R of -96.4 put the close near the bottom of its 14-day range.
23	CCI (20)	-48	Neutral	CCI at -48 was within the normal ±100 band.
24	Rate of change (10-day)	-1.8%	Neutral	Price changed -1.8% over ten sessions.

D. Volatility

#	Point	Reading	Tag	Commentary
25	Bollinger Band position (%B)	%B 0.29 (bands 2,071.96–2,229.98)	Neutral	%B of 0.29 — inside the bands, lower half.
26	Bollinger width / squeeze	width 7.3% (19th pct of 6M)	Neutral	Band width was at the 19th percentile of the last six months, a normal level.
27	ATR (14)	₹42.74 (2.0% of price)	Neutral	A typical day's range was about ₹42.74, or 2.0% of the price — useful for judging how much 'normal noise' to expect.
28	Historical volatility (30-day)	19.7% vs 1Y 20.7%	Neutral	Annualised 30-day volatility was 19.7%, close to the one-year level of 20.7%.
29	Keltner Channel (20, 2×ATR)	2,085.37–2,247.61	Neutral	The close was inside the channel, so no volatility breakout.
30	Beta vs Nifty 50 (1Y daily)	0.61	Neutral	A beta of 0.61 means the stock tended to move less than the Nifty 50 day to day.

E. Volume & money flow

#	Point	Reading	Tag	Commentary
31	Volume vs 20-day average	last day 1.56× / 5-day 0.97×	Neutral	The final session traded 1.56× its 20-day average volume and the last five sessions averaged 0.97× — normal participation.
32	Up-day vs down-day volume (20d)	ratio 1.16	Bullish	Average volume on up days was 1.16× that on down days — accumulation-leaning.
33	On-Balance Volume (20d)	OBV falling	Bearish	OBV fell over the month while price rose — volume diverged from price.
34	Accumulation/Distribution line	falling (20d)	Bearish	The A/D line fell, meaning closes tended to be in the lower part of daily ranges on meaningful volume.
35	Chaikin Money Flow (20)	-0.04	Neutral	CMF at -0.04 indicated roughly balanced money flow.
36	Money Flow Index (14)	55.1	Bullish	MFI, a volume-weighted RSI, was 55.1.
37	Liquidity (avg daily turnover)	₹326 cr/day	Neutral	About ₹326 crore changed hands per day on average over 20 sessions — liquid.

F. Price levels

#	Point	Reading	Tag	Commentary
38	Support levels (S1/S2/S3)	2,111.40 / 2,065.70 / 2,027.90	Neutral	Nearest support (prior swing lows) sat at 2,111.40, 0.3% below the close, then 2,065.70, 2,027.90.
39	Resistance levels (R1/R2/R3)	2,154.70 / 2,218.50 / 2,310.00	Neutral	Nearest resistance (prior swing highs) sat at 2,154.70, 1.7% above the close, then 2,218.50, 2,310.00.
40	Monthly pivot points (for next month)	P 2,136.17 \| R1 2,206.63 \| S1 2,047.73	Neutral	Classic pivots from June's high/low/close gave a pivot of 2,136.17; the close was below it.
41	Fibonacci retracement (6M swing)	23.6% 2,130 \| 38.2% 2,197 \| 50.0% 2,251 \| 61.8% 2,305	Neutral	Measuring the 6-month fall from 2,479.60 to 2,022.50, the close was nearest the 23.6% retracement at 2,130.38.
42	52-week high / low	H 2,750.00 / L 2,022.50	Bearish	The close was 23.0% below the 52-week high and 4.7% above the 52-week low. (Caution: the series includes the Dec 2025 demerger price drop, which is not a market move.)
43	Unfilled price gaps (6M)	none	Neutral	No unfilled price gaps in the last six months.

G. Patterns

#	Point	Reading	Tag	Commentary
44	Price structure / chart pattern	counter-trend bounce inside a larger downtrend	Neutral	Rule-based pattern scan: counter-trend bounce inside a larger downtrend. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.)
45	Breakout / breakdown (20-day)	range 2,065.70–2,224.60	Neutral	The close was inside the prior 20-day range of 2,065.70–2,224.60.
46	Latest candlestick	Bearish marubozu-type candle	Bearish	On 30 Jun the candle opened 2,151.00, ranged 2,114.20–2,151.30 and closed 2,118.20: Bearish marubozu-type candle. Single candles are weak signals on their own.
47	Ichimoku Cloud	cloud 2,215.25–2,257.55; Tenkan 2,169.40 / Kijun 2,151.90	Bearish	Price was below the cloud and the Tenkan line was above the Kijun line — a bearish Ichimoku setup.

H. Relative strength & summary

#	Point	Reading	Tag	Commentary
48	Relative strength vs Nifty 50	1M -3.0% / 3M -2.6%	Bearish	The stock underperformed the Nifty 50 by 2.6 points over three months and underperformed by 3.0 points over one month.
49	Relative strength vs Nifty 50 (6M)	6M +1.0%	Neutral	No sector index in today's data set, so we show the 6-month comparison instead: 1.0 points ahead of the Nifty 50.
50	Technical summary	5 bullish · 22 bearish · 21 neutral · 1 caution	Bearish	Across the 49 readings the technical picture leaned negative. Levels that mattered: support 2,111.40, resistance 2,154.70. This is a description of the chart on 30 Jun 2026, not a forecast.

Fundamental analysis — 50 points

Uses only results published by 30 Jun 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Mar 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 30 Jun 2026 close.

A. Valuation

#	Point	Reading	Tag	Commentary
1	P/E (trailing 12 months)	33.0×	Neutral	At ₹2,118.20 the market valued the company at about ₹4,97,690 crore, or 33.0× the ₹15,059 crore profit of the four quarters to Mar 2026. That is a premium multiple — the market expected growth.
2	Price / Book	10.21×	Neutral	Market cap was 10.21× the Mar 2026 book value (equity + reserves) of ₹48,739 crore.
3	Price / Sales	7.72×	Neutral	The company was valued at 7.72× its trailing-12-month sales of ₹64,468 crore.
4	EV / EBITDA (approx.)	33.2×	Neutral	Enterprise value (market cap + ₹1,478 cr borrowings; cash not netted) was 33.2× trailing operating profit of ₹15,039 crore.
5	Earnings yield	3.0%	Neutral	The inverse of P/E: each ₹100 invested bought about ₹3.0 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds.
6	PEG (P/E ÷ 3-yr profit CAGR)	2.35	Caution	P/E of 33.0 divided by 3-year profit growth of 14.1% a year gives a PEG of 2.35. Below 1 is often read as growth being cheaply priced; above 2 as expensive. Note: the Dec 2024 quarter carried unusual other income of ₹733 crore; the Dec 2025 quarter carried unusual other income of ₹4,048 crore — a one-off that distorts year-on-year profit comparisons.
7	Dividend yield (trailing 12M)	1.94%	Neutral	Dividends with ex-dates in the 12 months to the snapshot totalled ₹41 a share, a 1.94% yield on the ₹2,118.20 price.
8	Market capitalisation	₹4,97,690 cr	Neutral	At about ₹4.98 lakh crore the company was a large-cap.
9	Graham number vs price	₹546.93 vs ₹2,118.20	Neutral	Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹546.93; the price was 287% above it. Quality franchises usually trade above this number.

B. Growth

#	Point	Reading	Tag	Commentary
10	Revenue growth FY26 (YoY)	+5.1%	Neutral	Revenue for FY26 was ₹64,468 crore, +5.1% versus FY25.
11	Q4 FY26 revenue growth (YoY)	+7.6%	Neutral	The Jan–Mar 2026 quarter brought ₹16,351 crore of revenue, +7.6% on the same quarter a year earlier.
12	Net profit growth FY26 (YoY)	+41.1%	Caution	FY26 net profit was ₹15,059 crore, +41.1% on FY25's ₹10,671 crore. Note: the Dec 2024 quarter carried unusual other income of ₹733 crore; the Dec 2025 quarter carried unusual other income of ₹4,048 crore — a one-off that distorts year-on-year profit comparisons.
13	Q4 FY26 profit growth (YoY)	+21.0%	Caution	Quarterly profit was ₹2,994 crore versus ₹2,475 crore a year earlier (+21.0%). Note: the Dec 2024 quarter carried unusual other income of ₹733 crore; the Dec 2025 quarter carried unusual other income of ₹4,048 crore — a one-off that distorts year-on-year profit comparisons.
14	Revenue CAGR (3 years)	2.1%	Bearish	Revenue compounded at 2.1% a year from FY23 to FY26.
15	Profit CAGR (3 years)	14.1%	Caution	Net profit compounded at 14.1% a year from FY23 to FY26. Note: the Dec 2024 quarter carried unusual other income of ₹733 crore; the Dec 2025 quarter carried unusual other income of ₹4,048 crore — a one-off that distorts year-on-year profit comparisons.
16	Revenue CAGR (5 years)	6.5%	Neutral	Over five years (FY21–FY26) revenue compounded at 6.5% a year.
17	EPS growth FY26 (reported)	+41.2%	Caution	Reported EPS went from ₹45.32 to ₹64.01 (+41.2%). Differences from profit growth come from changes in share count (bonus, buyback, new issues). Note: the Dec 2024 quarter carried unusual other income of ₹733 crore; the Dec 2025 quarter carried unusual other income of ₹4,048 crore — a one-off that distorts year-on-year profit comparisons.

C. Profitability

#	Point	Reading	Tag	Commentary
18	Operating margin FY26	23%	Neutral	Operating profit (EBITDA) was 23% of sales in FY26 versus 24% in FY25.
19	Operating margin trend (4 quarters)	23% → 24% → 23% → 23%	Neutral	Quarterly margins moved from 23% to 23% over the last four quarters — broadly stable.
20	Net profit margin FY26	23.4%	Neutral	₹23.4 of every ₹100 of revenue ended up as net profit in FY26.
21	Return on equity FY26	30.7%	Bullish	FY26 profit was 30.7% of average shareholders' equity. Above ~15% is generally considered good; below 10% weak.
22	ROCE FY26	28%	Bullish	Return on capital employed (debt + equity) was 28% in FY26.
23	Return on assets FY26	18.89%	Neutral	Net profit was 18.89% of total assets.
24	Effective tax rate FY26	17%	Neutral	The company paid about 17% of pre-tax profit as tax; India's base corporate rate is ~25%.
25	Other income share of pre-tax profit	27%	Caution	Non-operating 'other income' of ₹4,923 crore made up 27% of pre-tax profit — a large share, so core earnings were lower than headline profit.

D. Balance sheet

#	Point	Reading	Tag	Commentary
26	Debt / equity	0.03	Bullish	Borrowings of ₹1,478 crore were 0.03× equity — very low leverage.
27	Debt / EBITDA	0.10×	Bullish	Debt equalled 0.10 years of FY26 operating profit.
28	Interest coverage	45.4×	Bullish	Earnings before interest and tax covered interest cost 45.4 times.
29	Book value growth	-1.3%	Bearish	Shareholders' equity grew -1.3% from ₹49,402 crore to ₹48,739 crore in FY26.
30	Capital work in progress	₹880 cr (2% of fixed assets)	Neutral	Projects under construction (CWIP) were 2% of fixed assets — a modest pipeline.
31	Working capital days	-23 days	Neutral	Working capital tied up equalled -23 days of sales (FY25: -34). Negative means suppliers/customers fund operations.
32	Cash conversion cycle	-89 days	Neutral	It took -89 days to turn inventory and receivables into cash, net of supplier credit.
33	Debtor days	19 (FY25 23)	Neutral	Customers took 19 days on average to pay, versus 23 a year earlier.

E. Cash flow

#	Point	Reading	Tag	Commentary
34	Operating cash flow FY26	₹10,999 cr	Neutral	The business generated ₹10,999 crore of operating cash in FY26 versus ₹11,886 crore in FY25.
35	Free cash flow FY26	n/a	Neutral	Free cash flow line not available on source page.
36	Cash conversion (CFO ÷ net profit)	0.73×	Neutral	Operating cash flow was 0.73× reported profit — reasonable cash backing.
37	Free-cash-flow yield	n/a	Neutral	Not available.
38	Free cash flow — 3-year total	n/a	Neutral	Not available.
39	Capex FY26 (CFO – FCF)	n/a	Neutral	Not available.

F. Dividends & shareholder returns

#	Point	Reading	Tag	Commentary
40	Dividend payout ratio FY26	64%	Neutral	The company paid out about 64% of FY26 profit as dividends.
41	Dividend consistency (3 years)	96% / 117% / 64%	Bullish	Payout ratios for FY24 / FY25 / FY26 — dividends were paid every year.
42	Share capital change (FY25→FY26)	+0.0%	Neutral	Paid-up equity capital changed +0.0% (₹235 cr → ₹235 cr). Essentially unchanged — no dilution.

G. Ownership

#	Point	Reading	Tag	Commentary
43	Promoter holding	61.90% (+0.00 pts YoY)	Neutral	Promoters owned 61.90% at Mar 2026 versus 61.90% a year earlier.
44	Foreign institutional holding	10.10% (-0.52 pts YoY)	Neutral	FIIs held 10.10% at Mar 2026, down from 10.62% a year before.
45	Domestic institutional holding	16.33% (+0.85 pts YoY)	Neutral	Mutual funds, insurers and other DIIs held 16.33%, up from 15.48%.
46	Number of shareholders	11.1 lakh (-10.3% YoY)	Neutral	The shareholder count moved from 12.3 lakh to 11.1 lakh in a year — a rough gauge of retail interest.
47	Promoter pledge	none reported	Neutral	Our source showed no pledged promoter shares.

H. Quality & summary

#	Point	Reading	Tag	Commentary
48	Financial health checklist (Piotroski-style, 8 tests)	6/8	Neutral	Passed: positive profit, positive operating cash flow, leverage fell, ROA improved, asset turnover improved, no meaningful dilution (<3%). Failed: CFO > net profit, operating margin improved.
49	Automated screen flags	2 strength(s) · 3 weakness(es)	Neutral	Strengths: Company is almost debt free; Company has been maintaining a healthy dividend payout of 92.4%. Weaknesses: Stock is trading at 8.85 times its book value; The company has delivered a poor sales growth of 6.51% over past five years; Earnings include an other income of Rs.4,933 Cr. (Flags generated by the data source’s rule screen.)
50	Fundamental summary	6 bullish · 2 bearish · 35 neutral · 6 caution	Bullish	On the numbers published by 30 Jun 2026 the fundamental picture leaned positive. Valuation: P/E 33.0×, P/B 10.21×. This describes the data, not a recommendation.

News in the three months before the snapshot

Company news from 1 Apr – 30 Jun 2026 that an investor could have known on the snapshot date.

22 Apr 2026 HUL up 12% in April; ICICI Securities raises target to Rs 2,800 — HUL closed 3.13% higher at Rs 2,305.40 on 21 Apr, up 12% in April so far; ICICI Securities kept Buy and raised its target to Rs 2,800 from Rs 2,700, arguing HUL is better positioned to navigate commodity inflation. source
30 Apr 2026 HUL Q4 FY26: 6% underlying volume growth, PAT Rs 3,002 cr; final dividend Rs 22 — For the March 2026 quarter HUL reported 6% UVG and 7% USG, turnover Rs 16,207 cr, EBITDA margin 23.7% and reported PAT Rs 3,002 cr; board recommended a Rs 22 final dividend (FY26 total Rs 41). Stock closed at Rs 2,250.9, down ~2.7%. source
30 Apr 2026 HUL counters West Asia shock with 2-5% price hikes and cost cuts — HUL said it took price increases of 2-5% to offset crude- and commodity-linked inflation from the West Asia conflict; CEO Priya Nair cited commodity and currency volatility. source
22 May 2026 HUL continues gradual price hikes on Wheel, Vim and Pond's — Wheel 1kg went from Rs 76 to Rs 83 over April-May (+9.2%), Vim bar 100g from Rs 36 to Rs 40 (+11.1%) and Pond's White cream 23g from Rs 105 to Rs 115; HUL cited raw material inflation of 8-10%. source
02 Jun 2026 HUL opens Unilever Fragrance Hub at IIT Bombay campus — HUL inaugurated Unilever's third global fragrance innovation centre in Mumbai, part of a EUR 100 million programme; shares traded 0.38% lower at Rs 2,076.30. source
02 Jun 2026 HUL FY26 annual report: turnover Rs 63,763 cr, 4% UVG, ice-cream demerger completed — The FY26 annual report showed turnover of Rs 63,763 cr (+5%), 4% underlying volume growth, EBITDA margin 23.6%, completion of the Kwality Wall's demerger and the Minimalist/OZiva acquisitions. source

What happened next (30 Jun 2026 → 01 Oct 2026)

Price went from ₹2,118.20 to ₹1,836.00 by 01 Oct 2026 (-13.3%) while the Nifty 50 moved -6.0% — underperforming by 7.3 points.
Highest ₹2,239.30 on 03 Jul 2026; lowest ₹1,826.90 on 01 Oct 2026.
S1 2,111.40: broken on a closing basis on 15 Jul 2026.
S2 2,065.70: broken on a closing basis on 28 Jul 2026.
R1 2,154.70: cleared on a closing basis on 01 Jul 2026.
R2 2,218.50: not cleared on a closing basis.
200-day SMA: price was below it at the snapshot and stayed on the same side through the period.
Apr–Jun 2026 results (reported 28 Jul 2026): revenue ₹17,341 crore (+10.1% YoY), net profit ₹2,680 crore (-3.2% YoY), operating margin 23% vs 23% a year earlier (Screener consolidated figures).
Shareholding Mar → Jun 2026: Promoters 61.90% → 61.90%, FIIs 10.10% → 9.50%, DIIs 16.33% → 16.92%.

Later news

28 Jul 2026 HUL Q1 FY27: 10% USG, highest in 13 quarters; UVG 5%, PAT down 2% — Turnover rose 10% to Rs 17,184 cr with 10% USG and 5% UVG; EBITDA margin 23.0%; PAT Rs 2,680 cr (-2%), Rs 2,731 cr before exceptional items (+9%). source
28 Jul 2026 HUL shares fall 7% after Q1; company signals further calibrated price hikes — Stock fell about 7% to around Rs 2,023 as 5% volume growth missed hopes; management guided 2-5% sequential inflation in the September quarter and said only half of price increases had been passed on in Q1. source
29 Jul 2026 HUL rebounds ~3-4% after hitting 52-week low — After the 7% drop on 28 July, shares recovered about 3.7% intraday as Jefferies, Motilal Oswal, Goldman Sachs and Nirmal Bang kept buy ratings. source
04 Sep 2026 HUL Capital Markets Day: 22-24% EBITDA margin target, capex to 3% of turnover — HUL laid out a volume-led growth strategy targeting a 22-24% medium-term EBITDA margin and raising capex from 2% to 3% of turnover. source
10 Sep 2026 Delhi High Court restrains Beco ad campaign against Surf Excel and Vim — Justice Anup Bhambhani restrained Kwick Living (Beco) from its campaign that prima facie suggested HUL products caused skin irritation. source

Educational summary. On 30 Jun 2026 the technical picture leaned negative and the fundamental picture leaned positive. Over the next three months the stock moved -13.3% against -6.0% for the Nifty 50. Here the chart's message lined up with what followed. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold Hindustan Unilever today.

Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 03 Oct 2026); index — Nifty 50 via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction

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