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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The consumer goods giant’s performance has been in a funk for a long time. Fund managers need to stop giving it a long rope.
Someone needs to call out India’s fund managers and their bonhomie with Hindustan Unilever Limited, and it’d rather be us.
India’s consumption bellwether disappointed yet again with its latest results. Shortly afterwards, the stock tanked 4%. The tepid growth numbers were slightly behind already low expectations. What’s surprising is that Indian fund managers and some analysts remain confident about the stock. In fact, this confidence has taken a bizarre turn. They are now cheering the management’s latest plans to further cut back on profitability, even as HUL’s growth slump drags on.
Are they living in an alternate reality? Maybe.
An …
