Defensive stocks usually lose favour in momentum driven markets (like we have one right now). You see resurgence of highly levered stocks outperforming on the bourses. HUL in itself is a cashflow generating machine, and is like that wine which gets only stronger with age. Some of its recent investments in tech and D2C may pay huge dividends as the rural economy's potential unlocks.
Defensive stocks usually lose favour in momentum driven markets (like we have one right now). You see resurgence of highly levered stocks outperforming on the bourses. HUL in itself is a cashflow generating machine, and is like that wine which gets only stronger with age. Some of its recent investments in tech and D2C may pay huge dividends as the rural economy's potential unlocks.