HUL on the Rise: Strong Support & Bullish Outlook Ahead of Q4

🔍Technical Analysis: Resilience in a Defined Range

Over the past decade, Hindustan Unilever Ltd (HUL) has exhibited a commendable upward trajectory, characterized by a consistent pattern of higher highs and higher lows from 2018 to 2021. Since 2021, the stock has been oscillating within a well-defined range of ₹2,000 to ₹3,000. Notably, the ₹3,000 mark has acted as a significant resistance level, while the ₹2,100–₹2,200 zone has provided robust support.​

In recent weeks, HUL has demonstrated resilience by rebounding from the ₹2,100–₹2,200 support zone, indicating renewed buying interest. This movement suggests a potential bullish momentum, especially if the stock sustains above this support.​

Key Technical Levels:

Support Zones: ₹2,100–₹2,200 (Primary), ₹1,900 (Secondary)

Resistance Levels: ₹2,800 (Initial Target), ₹2,900 (Secondary Target), ₹3,000 (Tertiary Target)​

Investors should monitor these levels closely, especially with the upcoming Q4 FY25 results scheduled for April 24, 2025. A positive earnings report could propel the stock towards its all-time high, while any negative surprises might test the established support zones.​

📊Fundamental Analysis:

Over the past two months, HUL's stock has witnessed an upward movement. Several factors contribute to this trend:

Positive Q3 FY24 Earnings: The company's ability to maintain profitability despite market headwinds has instilled confidence among investors.​

Anticipation of Q4 Results: With the Q4 FY25 results scheduled for April 24, 2025, market participants are optimistic about continued positive performance, potentially driving the stock higher.​

Defensive Sector Appeal: As a leading player in the FMCG sector, HUL is considered a defensive stock, attracting investors seeking stability amidst market volatility.​

📌Q3 FY24 Key Financial Highlights:

• Total Income: ₹15,818 Cr (vs ₹15,926 Cr in Q2 FY24 and ₹15,567 Cr in Q3 FY23)
  
• Total Expenses: ₹12,123 Cr (vs ₹12,139 Cr in Q2 FY24 and ₹11,902 Cr in Q3 FY23)
  
• Total Operating Profits: ₹3,695 Cr (vs ₹3,787 Cr in Q2 FY24 and ₹3,665 Cr in Q3 FY23)
  
• Profit Before Tax: ₹3,982 Cr (vs ₹3,542 Cr in Q2 FY24 and ₹3,445 Cr in Q3 FY23)
  
• Profit After Tax: ₹2,989 Cr (vs ₹2,595 Cr in Q2 FY24 and ₹2,508 Cr in Q3 FY23)
  
• Diluted Normalized EPS: ₹12.70 (vs ₹11.03 in Q2 FY24 and ₹10.68 in Q3 FY23)
  

🔹 Growth in the Home Care and Beauty & Wellbeing segments contributed to the rise.
🔹 Operating margins improved due to better cost controls and volume-led growth.
🔹 Investor sentiment has been optimistic ahead of Q4 results, helping the stock gain in the past 2 months.

✅Conclusion :
HUL is showing signs of bullish continuation if Q4 results support it. Key levels are clear — ₹2,100 is your safety net, and ₹3,000 your breakout goal. Watch results on April 24, and plan accordingly.

⚠️Disclaimer :
This report is for educational and informational purposes only and does not constitute investment advice. Please consult your financial advisor before investing.