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Note that India is facing a severe shortage of oxygen cylinders and concentrators in the grip of a deadly second wave of Covid-19. Most hospitals are working over capacity and are having to turn back patients due to a shortage of beds and oxygen.

"The entire Unilever family is rallying together to support India in this moment of crisis by helping secure oxygen concentrators which are in severely short supply," said Sanjiv Mehta, chairman of HUL.

Apart from this, HUL is also covering the cost for vaccination of 300,000 people, including those who work for suppliers and distributors, and has set up isolation facilities at its 30 manufacturing units.

Last year, the FMCG major had committed Rs 1 billion to support the communities impacted by the coronavirus pandemic.

HUL share price has opened the day up by 0.7%.

Here's an interesting data on HUL, between 2002 to 2010, HUL's stock price went nowhere...have a look at the chart below:

A Journey of No Returns in a So-Called Safe Stock

The stock was basically in an 8-year coma. The returns could barely even make up for the inflation.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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