HUL’s stock needs some spice + Piramal faces a tough challenge
A stake in MDH is expected to benefit the consumer goods giant + Recovering dues from Anil Ambani-owned RNRL won’t be easy for Piramal Capital and Housing Finance.
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Editor's note: Prince here. It goes without saying that shares of Hindustan Unilever Ltd are among the most sought after among investors. That explains why despite the consumer goods giant’s stock hovering around its 52-week low, analysts are bullish about its prospects. But news of a possible multi-billion dollar buy has stumped many. I think they are over-reacting. Separately, Piramal Capital and Housing Finance Ltd has done well with its acquisition of bankrupt DHFL so far. But the hard part of the trek starts now. Read on. MDH will be good for HUL “That’s an extreme insult!” A senior fund manager exclaimed in response to my quip that shares of Hindustan Unilever Ltd were behaving like those of ITC. The Kolkata-based consumer goods and cigarette giant has been the subject of memes after its shares struggled to come out of an inexplicable rut. I wrote about it here in September last year. Since then though, ITC shares have broken out. In the last six months, its shares have risen 6.52%. In comparison, HUL’s stock has fallen ~25%. Hours after the short WhatsApp …
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