HUL may remain range-bound as analyst favours Marico, Nestlé and Britannia
Following Q1 volume-growth concerns, technical analyst Nilesh Shah advises holding HUL with a ₹2,025 stop-loss and considering fresh buying only above ₹2,250. He sees better near-term upside potential in Marico, Nestlé and Britannia over the next three to four months.
Technical analyst Nilesh Shah sees HUL remaining range-bound after Q1 concerns over volume growth. He advises holding with a Rs 2,025 stop-loss and buying only above Rs 2,250, while preferring Marico, Nestle and Britannia for upside.
Why this matters
The cautious technical view follows mixed HUL Q1 signals, including its strongest growth in 13 quarters and reports of a 3% profit decline despite higher product sales.
Retail-company signals are accelerating, up +227183% QoQ.