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Last Updated : Feb 28, 2020 11:21 AM IST | Source: Moneycontrol.com

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.

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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


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.



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First Published on Feb 28, 2020 11:21 am
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