Hindustan Lever

Shares in Hindustan Lever, Unilever’s Indian affiliate, were down 4.5 per cent to Rs458.70 in trading on Wednesday, after dropping 3.3 per cent on Tuesday after the company on Monday reported disappointing figures for the quarter ended in December.

Several brokers downgraded the stock, one of India’s top-rated companies and a darling of foreign portfolio investors. Read more