FMCG Major To Consider Results, Dividend On Oct 23; Buy Or Sell? Record Date Fixed

Large cap FMCG major Hindustan Unilever Ltd (HUL) today informed about its meeting of Board of Directors scheduled to be held on October 23, 2024. The company will also consider proposal of payment of interim dividend, if any on October 23, 2024. The company fixed November 6, 2024 as the record date for interim dividend, if declared. Last trading price of Hindustan Unilever Ltd shares on BSE is Rs 2754.20 per share. The company's market capitalisation is Rs 6,47,124.43 crore. Hindustan Unilever shares slipped 7.74% in last 2-weeks.

In last 6-months, HUL shares offered return of 20%. Brokerage firm Hem Securities recommended buy call for Hindustan Unilever Ltd shares with target price of Rs 3387 per share. If you buy Hindustan Unilever stock at last trading price of Rs 2754.20 per share, you can fetch likely gain of 22.98%. Check details below:

Hindustan Unilever Ltd To Consider Results, Interim Dividend: As per the exchange filing of Hindustan Unilever Ltd dated October 10, 2024, "a meeting of the Board of Directors of the Company will be held on Wednesday, 23rdOctober, 2024, inter alia, to consider:
- the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2024 along with the Limited Review Report of the Auditors for the corresponding period.
- consider the proposal for payment of Interim Dividend, if any, for the Financial Year ending 31st March, 2025."

HUL Sets Record Date For Interim Dividend: The BSE filing added, "Please note that the Record Date for the purpose of determining the entitlement of the shareholders for the Interim Dividend, if any, has been fixed as Wednesday, 6th November, 2024."

HUL Shares Performance: Hindustan Unilever shares slipped 4.98% in last 1-month, gained 3.71% so far in 2024, rose 9% in last 1-year, and zoomed 6% in last 2-year. In last 5-years, HUL shares surged over 40% in last 5-years. In last 10-years, Hindustan Unilever Ltd shares zoomed 282%. The 52-week high price of HUL shares on BSE is Rs 3034.50 per share (as on 23/09/2024) and 52-week low price is Rs 2170.25 per share (as on 16/04/2024), respectively.

HUL Dividend In 2024: As per the regulatory filing of HUL dated April 24, 2024, "recommended a final dividend of Rs. 24/- for the financial year ended 31st March, 2024 on Equity Shares of Re. 1/- each. The Company had earlier paid an interim dividend of Rs. 18/- per share on 16th November, 2023. The total dividend for the said period amounts to Rs. 42/- per Equity Share of face value of Re. 1/- each."

Shareholding Pattern: FII/FPI decreased holdings from 12.67% to 11.87% in June 2024 quarter. Number of FII/FPI investors increased from 1925 to 1951 in June 2024 quarter. Mutual Funds have increased holdings from 5.01% to 5.58% in June 2024 quarter. Number of MF schemes increased from 333 to 362 in June 2024 quarter. Institutional Investors have increased holdings from 25.95% to 26.04% in June 2024 quarter. Lici Market Plus Balanced Fund has 5.16% stake in HUL with 121,161,787 shares of the company.

About: Hindustan Unilever Limited is India's largest Fast Moving Consumer Goods (FMCG) Company with a 90-year heritage in the country. It has a wide and resilient portfolio of 50+ brands, spanning 16 FMCG categories, which are a part of everyday life of millions of consumers across India. It manufactures more than 65 billion units annually, that are made available to our consumers through nine million retail outlets and many digital commerce platforms, according to its official website.

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