Foreign investors' stake in Hindustan Unilever dropped to a four-year low of 12.7% in March due to weak demand and competition.
Foreign investors reduced their stake in Hindustan Unilever, India's largest FMCG company, to a four-year low of 12.7% in March due to weak consumer demand and increasing competition. The company's shares have dropped by more than 9% over the past year, ranking second-worst in the NSE Nifty 50 Index. Foreign investors are selling due to concerns over valuations and sales growth. Domestic investors' share has risen to a record high of 13.2%.
April 24, 2024
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