Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now

Hold Hindustan Unilever; target of Rs 2200: ICICI Direct

ICICI Direct recommended hold rating on Hindustan Unilever with a target price of Rs 2200 in its research report dated April 28, 2022.

April 29, 2022 / 01:43 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

ICICI Direct's research report on Hindustan Unilever

Hindustan Unilever (HUL) is the biggest FMCG company in India with more than 40 brands across categories. It is the market leader in fabric wash, personal wash, cosmetics, shampoos and many other categories. The company has a distribution reach of ~8.5 million (mn) outlets with a direct network of more than 3.5 mn • HUL acquired GSK Consumer Healthcare’s business in 2019 and integrated Horlicks and Boost brands with the foods & refreshment segment.

Outlook

We maintain our HOLD rating on the stock. We value HUL at Rs 2200 i.e. 55x P/E on FY24E EPS.