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HomeNewsBusinessMarketsOptions Trade | A non-directional options strategy in Hindustan Unilever

Options Trade | A non-directional options strategy in Hindustan Unilever

Hindustan Unilever is expected to remain sideways within our range. An Iron Condor trade to capitalise on a sideways trend

September 06, 2022 / 06:43 IST
Hindustan Unilever: CMP: Rs 2,610 | The stock ended in the green on July 20. India's largest fast-moving consumer goods (FMCG) company on July 19 reported a 13.85 percent year-on-year (YoY) rise in consolidated net profit at Rs 2,391 crore for the quarter ended June, which was above analysts' estimate of Rs 2,191.3 crore. Standalone net profit was Rs 2,289 crore, up 11 percent YoY. Core profit margin was 23.2 percent during the quarter, declining 110 basis points YoY. The entire FMCG segment felt intense cost pressure in the reported quarter due to inflation. Citi has maintained a buy call and raised the target to Rs 2,920 per share.
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