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HUL dips on poor Q3, new royalty pact; brokers cut rating

Hindustan Unilever shares extended losses and tumbled 5 percent in morning trade on Wednesday after several brokerages cut their rating on the stock following disappointing third quarter earnings and a new pact with its Anglo-Dutch parent Unilever Plc, which will see its royalty payments more than double over next few years.
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10.03 AM Jan 23rd

HUL dips on poor Q3, new royalty pact; brokers cut rating

Hindustan Unilever shares extended losses and tumbled 5 percent in morning trade on Wednesday after several brokerages cut their rating on the stock following disappointing third quarter earnings and a new pact with its Anglo-Dutch parent Unilever Plc, which will see its royalty payments more than double over next few years.
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