International BusinessHindustan Unilever gains on defensive buying
The stock surged to high of Rs 285 - up 7%. It finally ended with a gain of 5.5% at Rs 282. Around 1.05 million shares were traded on the BSE today.
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A total of 579,540 shares have been traded today, as against the 2-week average volumes of 296,091 shares.
HUL has apparently attracted investor interest as it is seen as a defensive buy in a soft market.
Moreover, there are reports that the company is planning to launch its global soya based fruit drink "AdeZ" in India by next year.