HUL has target of Rs 475: Standard Chartered

HUL has target of Rs 475, says Sanjay Singh, Associate Director, Standard Chartered Securities India.

Singh told CNBC-TV18, "Lever, I think, will be keenly watched out because post Nestle a tad disappointing topline growth, Lever will be the indicator for the sector going forward and I think it will be closely watched out for. Our sense is numbers are pretty good, we are expecting around 7-8% volume growth, which on a very high base is actually quite good."
He further added, "We are expecting around 27-28% EBITDA growth and around 25% PAT growth, which again to my mind is very good. So Lever, although the stock has been very strong and is one of the best performing stocks, we still find it relatively better compared to the rest of the FMCG space. So I think we like Levers, Titan and Marico, three stocks in the consumer space as of now."
"On HUL we are looking at a 12-month target price of Rs 475 which is something around 13-14% upside from a one year perspective."