Hindustan Unilever’s stock rose 3.5% after reporting June quarter results that exceeded expectations, despite a slight dip in Ebitda margin due to increased advertising. Sales volume grew by 4%, with underlying sales growth reaching 5%. The company anticipates sustained business momentum, driven by price increases and stable input costs, expecting Ebitda margins to remain between 22% and 23%.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may