HUL shares dip 2.3% this past week
Hindustan Unilever Limited (HUL) shares dipped 2.3% this past week, cooling off after a solid three-month rally of nearly 11%.
The stock closed at ₹2,581 on September 16, with recent trading volumes falling below the weekly average, suggesting a slowdown in momentum.
Stock seen as a stable pick in the market
HUL is seen as a stable pick in the market—its beta is just 0.43, meaning it doesn't swing wildly like some other stocks.
But with its price now over 12 times its book value and a high P/E ratio of 56, investors are paying up for its reputation and steady sales rather than fast growth.
For now, it seems people are watching trading activity closely
Recent gains may have led to some profit-taking as the excitement faded.
HUL's sales growth has been modest at under 10% over five years, so there isn't much buzz about big future jumps.
For now, it seems people are watching trading activity and valuations closely to see where it heads next.