Moneycontrol PRO
Upcoming Event:Join us for New HorAIzon from Oct 6-7, 2pm and be a part of exciting conversations on tech & innovation

Buy Hindustan Unilever; target of Rs 1120: ICICI Direct

ICICI Direct is bullish on Hindustan Unilever has recommended buy rating on the stock with a target price of Rs 1120 in its research report dated May 18, 2017.

May 18, 2017 / 06:21 PM IST
  • bselive
  • nselive
Todays L/H

ICICI Direct's research report on Hindustan Unilever

We believe that in sync with the global parent’s outlook on margin expansion, HUL’s margin will also improve led by premiumisation and thrust on rationalisation of marketing expense. The company is taking initiatives for effective and efficient marketing spends by rationalising on campaigns and media platforms.


We are, thus, estimating revenue, PAT CAGR of 9.2%, 13.4%, respectively, in FY17-19E with 210 bps margin expansion in the same period to 19.6% in FY19E. We reiterate out BUY recommendation on the stock with a revised target price of Rs 1120/share.

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

first published: May 18, 2017 06:21 pm

stay updated

Get Daily News on your Browser
ISO 27001 - BSI Assurance Mark