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Last Updated : May 03, 2019 03:56 PM IST | Source: Moneycontrol.com

Buy Hindustan Unilever; target of Rs 1830: Keynotes Financial Opiniery

Keynotes Financial Opiniery is bullish on Hindustan Unilever has recommended buy rating on the stock with a target price of Rs 1830 in its research report dated May 02, 2019.

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Keynotes Financial Opiniery's research report on Hindustan Unilever


HUL is India’s largest fast moving consumer goods company with a heritage of over 80 years. Nine out of Ten Indian households use HUL’s products every day to feel good, look good and get more out of life, giving us a unique opportunity to build a brighter future. Each of our categories—Home Care, Personal Care, foods and Refreshment – includes a portfolio of brands that serves consumers across length and breadth of India. Nearly 900 suppliers work with our supply chain that spans 28 of our own factories and several others that manufacture on our behalf. HUL has around 18000 employees working across 28 factories and 9 offices and create employment opportunities for several thousand more across its value chain from smallholder farmers, who provide raw materials to the distribution partners who take the products to customers.


Outlook


On the basis of Discount Cash Flow Valuation Method, we are recommending ‘Buy’ for the stock. Since the stock offers good opportunity, we initiate a ‘BUY’ signal on the stock with 12-month price target of Rs 1830/- share an upside of 20% from current levels.


For all recommendations report, click here


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First Published on May 3, 2019 03:56 pm
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