Today, shares of Hindustan Unilever (LON:ULVR) are trading at ₹2478 per share, following a decrease of 1.56% yesterday, November 9, 2023. The stock opened at ₹2524.8 on Thursday and fluctuated between a high and low of ₹2524.8 and ₹2474, respectively, before closing at ₹2517.35. The Bombay Stock Exchange (BSE) recorded a volume of 81,832 shares for the day.
The consumer goods giant's market capitalization was reported at approximately ₹582,228.71 crore ($78 billion) at the close of trading on Thursday. This information was provided via an AI-generated live blog offering an ad-lite experience and Mint Premium access through a downloadable app.
The company's price-to-earnings (P/E) ratio stands at 56.59 with earnings per share (EPS) of 43.77, as reported by a live blog on November 9th.
Investors are encouraged to closely monitor Hindustan Unilever's performance in the coming days and weeks due to its recent decrease in share price and the 52-week high and low of ₹2768.5 and ₹2393 respectively.
InvestingPro Insights
As we delve deeper into the financial health of Hindustan Unilever, InvestingPro data reveals some key insights. The company's Price/Earnings (P/E) ratio for the last twelve months as of Q2 2023 is -56.43, indicating that the market may be expecting higher growth in the future. Moreover, the company's Price/Book ratio for the same period stands at 0.92, suggesting that the market values each dollar of the company's assets nearly at par.
InvestingPro also indicates a revenue growth of 44.1% over the last twelve months as of Q2 2023, reflecting a robust performance. However, it's worth noting that the quarterly revenue growth in Q2 2023 dropped by -4.62%, which may be a matter of concern for investors.
Turning to InvestingPro Tips, Hindustan Unilever yields a high return on invested capital and operates with a high return on assets. These factors, combined with the company's impressive gross profit margins, suggest a strong financial position. Additionally, the company has a history of consistently increasing earnings per share, which is a positive sign for potential investors.
For a more comprehensive understanding of Hindustan Unilever's financial health and future prospects, it’s recommended to explore the additional 19 tips available on InvestingPro.
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