Moneycontrol PRO

Buy Hindustan Unilever; target of Rs 1304: HDFC Securities

HDFC Securities is bullish on Hindustan Unilever has recommended buy rating on the stock with a target price of Rs 1304 in its research report dated July 19, 2017.

July 24, 2017 / 01:38 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

HDFC Securities' research report on Hindustan Unilever

HUL’s 1Q numbers came in better than expectations, despite channel destocking pressure. HUL’s net revenue was up 5% YoY at Rs 85.3bn (1% expectation). The domestic consumer business registered healthy 6% growth, with flat UVG (-1% expectation). EBITDA and APAT were up 14% and 15% respectively.

Outlook

Stable raw material prices with healthy premium segment growth can help expand margins in the coming quarters. We expect the stock to give healthy returns in the near term.

For all recommendations report, click here

Close

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

first published: Jul 24, 2017 01:38 pm

stay updated

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