Shares Of HUL Jump 9% Post Election Crash: Should You Buy? | HUL Stock | FMCG

Shares of FMCG major Hindustan Unilever Limited (HUL) rose by 9% on June 5, closing at Rs 2,603.1, up 4.35%. This surge occurred as investors sought defensive stocks amid the market crash on June 4. HUL has been on the rise for three consecutive days, marking its highest single-day increase since April 2020. Investors are optimistic that the new government will focus on boosting consumption, particularly in rural areas. Other FMCG stocks, including ITC, Tata Consumer, and Nestle India, also experienced strong gains, rising between 3-5%.
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