Houseviews: Sell HUL, MTNL and switch to Marico, Unitech

36962 Investors following HUL. Share this News with them.

0

Like this story, share it with millions of investors on M3

Houseviews: Sell HUL, MTNL and switch to Marico, Unitech

Goldman Sachs has recommended selling HUL with a target of Rs 274 and switching to Marico with a target of Rs 163. It believes rupee depreciation can increase input costs for HUL by 6-8%.

Post your opinion here

 

0

Tweet

Share on Tumblr

ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets

Goldman Sachs has recommended selling HUL with a target of Rs 274 and switching to Marico with a target of Rs 163. It believes rupee depreciation can increase input costs for HUL by 6-8%.

Nomura has maintained a buy on Unitech , but has cut its target to Rs 52 from Rs 64. The stock is trading at distress liquidation value given concerns on corporate governance.

Macquarie has upgraded Hindustan Zinc to outperform from neutral. The stock has corrected by 25% from its peak, which puts its assets in an attractive zone. Macquarie has a target price of Rs 149 on the stock.

Goldman Sachs has reiterated its sell rating on MTNL with a revised target price of Rs 32. MTNL is likely to lose market share further and revenues may be hit as subscriber growth has been slower than the industry.