Nestle and HUL's Stock Slump: Downgrade Sparks Concerns Among Investors

Shares of FMCG giants

and (HUL) took a hit on April 2 after Bank of America (BofA) Securities downgraded both stocks. Nestle’s shares fell by 3.48%, while HUL saw a 1.96% drop in morning trade. Notably, HUL is now down over 27% from its peak, while Nestle has declined more than 22% from its highest point. These significant drops reflect mounting concerns among investors, with the recent downgrade adding to the growing pressure on both companies. Investors watching closely for further developments in the coming days. Disclaimer: This post is for informational purposes only and does not constitute investment advice.