Shares of FMCG bellwether Hindustan Unilever (HUL) rebounded 2.2% to Rs 2,067 on the BSE on Wednesday after a host of brokerages turned bullish on the stock following the company's Q1 earnings and management commentary. In the previous session, the stock had plunged more than 7% to a 52-week low of Rs 2,019.
The FMCG major reported a 3% year-on-year (YoY) decline in consolidated net profit to Rs 2,673 crore for the first quarter of FY27, missing analysts' estimates. It had posted a net profit of Rs 2,756 crore in the corresponding quarter last year.
