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Buy Hindustan Unilever target of Rs 2185: Sharekhan

Sharekhan is bullish on Hindustan Unilever has recommended buy rating on the stock with a target price of Rs 2185 in its research report dated December 18, 2019.

December 20, 2019 / 11:06 AM IST
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Sharekhan's research report on Hindustan Unilever

Hindustan Unilever Limited’s (HUL) parent company, Unilever PLC has reduced revenue guidance for emerging markets for CY2019 and H1CY2020, owing to slowdown in rural India and other emerging markets. We have reduced our earnings estimates for FY2020E and FY2021 by 3% each as it will take another three to four quarters for recovery in the domestic demand environment. Strong innovation strategy and focus on improving penetration in rural markets will remain key growth levers in the long run.


We maintain our Buy recommendation with a revised PT of Rs. 2,185.

For all recommendations report, 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.

Broker Research
first published: Dec 20, 2019 11:06 am

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