Houseviews: 4 stocks brokerages are eyeing today
Thu, Dec 13, 2012 at 09:13
Brokerage: Standard Chartered
Target: Rs 538
Rationale: The company pays only 1.4 percent of sales as royalty, which is not only low compared to unilever indonesia, but is also significantly lower than other FMCG companies. Royalty for HUL could go up to over 3 percent.