HUL gains on UBS upgrades

Anglo-Dutch major Unilever, in its just-released annual report for 2012, said there was a risk of a modest slowdown in India, China and Brazil.This sparked a sharp reaction from Indian investors. The stock of Hindustan Unilever Ltd was down 1.3 per cent on the Bombay Stock Exchange, to close the day at Rs 472 apiece. Unilever, which derives 52-53 per cent of its $70-billion revenues from emerging markets, said it expected economic pressures to continue in 2013. "We expect markets to remain ...