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“While certain sectors like consumer, pharma and technology were doing well in the pre pandemic period, the situation changed post pndemic. From 2021 onwards, we have started seeing broad-based recovery even in sectors like commodities, infrastructure, industrials and real estate which has a very large multiplier impact on a number of other industries.”

For the day, the index closed at 17,245.65 down 69.85 points or 0.4 per cent.

On the technical charts, the RSI of the stock stood at 45.98.

“Currently, we are at around 8.5% of blending. The government has mandated 20% blending by 2025-26 and in the ongoing ethanol year, which begins from December, we are looking at around 10% of blending this year in the season and so may be around 400 crore litres of supply from the sugar industry including the grain-based industry.”

The stock traded at a P/E multiple of 81.17, while the price-to-book value ratio stood at 21.99.

The momentum indicator has signalled bullish crossovers on 17 stocks — a sign of bullish undertone — hinting at possible upsides in the days ahead.

The stock quoted a 52-week high price of Rs 1823.0 and low of Rs 1375.55.

"Health is expected to maintain its leadership in the retail health segment with sustainable long term opportunity. Premium growth at 23-24 per cent CAGR and focus on underwriting profit is expected to keep its return on equity (RoE) ahead of peers," domestic brokerage ICICIdirect said in a note on Tuesday.

HUL has one of the better arsenals vs peers in the FMCG sector to land frequent price hikes, play the price-point portfolio pyramid and clawback margins.

The market "was seen to be replicating the trend seen on Wall Street last night... investors shrugged off concerns that intensifying price pressures would derail the economic recovery from the pandemic," said Kunal Sawhney, CEO of Kalkine Group.