HUL shares rally 4% after Priya Nair's appointment as MD & CEO

Shares of Hindustan Unilever Ltd (HUL) rallied 3.8% to an intraday high of Rs 2,500 on the BSE on Friday, July 11, after the company announced the appointment of Priya Nair as its next Managing Director and Chief Executive Officer (MD & CEO).

Based on the recommendation of the Nomination and Remuneration Committee, the Board has approved the appointment of Priya Nair for a term of five consecutive years, commencing August 1, 2025, and concluding on July 31, 2030.

Her appointment is subject to the approval of shareholders and other applicable statutory approvals. The decision was approved by the Board of Directors at its meeting held on Thursday, July 10.


Nair will succeed Rohit Jawa, who will step down as MD & CEO of the company at the close of business hours on July 31. Jawa’s exit marks the end of his tenure at the helm of HUL, paving the way for a planned leadership transition.

HUL share price history

Over the past year, shares of HUL have declined by 7.72%. On a year-to-date (YTD) basis, however, they have gained 3.71%. Over the last six months, the stock is down 1.35%, while it has risen 2.54% in the past three months. For one month, the stock has posted a modest gain of 0.57%.

On Thursday, HUL shares closed 0.6% lower at Rs 2,409.05 on BSE.

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HUL shares technical performance

On the charts, shares of HUL are trading well above all their key daily exponential moving averages (DEMAs) and are hovering near the 63 mark on the Relative Strength Index (RSI), according to Trendlyne data.

An RSI below 30 is considered oversold, while a reading above 70 indicates an overbought condition.

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