Unilever India Is Losing Foreign Shareholders on High Valuations [BNN Bloomberg (Canada)]
Unilever PLC (UL)
US:NYSE Investor Relations:
unilever.com/investor-relations
Company Research
Source: BNN Bloomberg
Global investors have cut holdings of Hindustan Unilever Ltd. to a four-year low as the company grapples with weak consumer demand and rising competition. Foreign funds reduced their ownership of India's largest staples company to 12.7% at the end of March, down from as high as 14.5% in June last year, according to data compiled by Bloomberg. The firm's shares have slumped more than 9% in the past 12 months, the second worst performer in the NSE Nifty 50 Index. Investors have sold Hindustan Unilever and its consumer-giant peers as they found it hard to justify the expensive valuations of the companies amid faltering sales growth. The firm has been facing competition from new-age brands, while lower agricultural yields have sapped demand among its rural customer base. “Overseas investors will look at the parent company trading at less than half the valuation multiple,” said Abhay Agarwal, a fund manager at Piper Serica Advisors Pvt. in Mumbai. Revenue growth has slowed significa
Show less
Read more
Impact Snapshot
Event Time:
UL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
UL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
UL alerts
High impacting Unilever PLC news events
Weekly update
A roundup of the hottest topics
UL
News
- TikTok, Facing US Ban, Tells Advertisers It Won’t Back Down [The New York Times]The New York Times
- FENC Uncaps Major Success with Global Sustainable Expansion in Recycled Polyester [Yahoo! Finance]Yahoo! Finance
- Canada 2022 emissions rebounded less than expected after pandemic [Reuters]Reuters
- ChannelEngine Enhances Amazon Capabilities with Acquisition of Retail Data Partners [Yahoo! Finance]Yahoo! Finance
- Dabur India beats Q4 profit view on steady domestic demand, lower costs [Reuters]Reuters
UL
Sec Filings
- 5/3/24 - Form 6-K
- 5/1/24 - Form 6-K
- 5/1/24 - Form 6-K
- UL's page on the SEC website