HUL shares slide 4% to hit 8-month low after Q3 numbers. Should you buy?

Shares of FMCG major Hindustan Unilever (HUL) tumbled nearly 4% in early morning trade on January 23, hitting an 8-month low of ₹2,254 apiece. The decline came after the company indicated that the moderation in the consumption goods market is expected to continue in the near term, weighed down by a slowdown in urban consumers, after it reported a 2% year-on-year increase in sales for the quarter ended December.