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Buy Hindustan Unilever Target Of Rs 2575: Sharekhan

Sharekhan is bullish on Hindustan Unilever has recommended buy rating on the stock with a target price of Rs 2575 in its research report dated February 25, 2020.

Feb 28, 2020 / 11:21 AM IST
 
 
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Sharekhan's research report on Hindustan Unilever


Hindustan Unilever Limited (HUL) is planning to form a new subsidiary with an authorised share capital of Rs. 2,000 crore to set up a manufacturing facility to avail the benefits of the new tax regime. The company is planning for initial investment of Rs. 600 crore-800 crore for setting up the new facility. HUL will continue to post 4-5% volume growth in the near term as recovery will take 2-3 quarters; margin expansion is expected to sustain.



Outlook


We maintain our Buy recommendation on the stock with a revised price target of Rs. 2,575.


For all recommendations report, click here


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first published: Feb 28, 2020 11:21 am

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