Priya Nair’s appointment as HUL’s first woman MD & CEO has boosted investor confidence, with the stock rising by 5%. Nair is expected to revitalize the company amidst slowing growth and competition from D2C brands. Analysts are optimistic about her track record of improving profit margins and driving growth through premiumization and strategic shifts, leveraging her extensive experience within HUL.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.