Hindustan Unilever shares fall ahead of results

Jul 26 2013, 11:31 IST
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SummaryShares in Hindustan Unilever Ltd fall 4.3 percent ahead of its April-June earnings.

Shares in Hindustan Unilever Ltd fall 4.3 percent ahead of its April-June earnings later in the day, down for a second day after hitting an all-time high of 725 rupees on Wednesday. Parent Unilever Plc has become more cautious about prospects for emerging markets, a big growth driver for the consumer goods company, which reported underlying second-quarter sales growth shy of market expectations. Hindustan Unilever also said on Thursday that Life Insurance Corp of India sold 67.3 million shares at 600 rupees per share.

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