Buy Hindustan Unilever, target price Rs 2175: ICICI Direct
Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 501172.10 Crore) operating in FMCG sector.
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Promoters held 61.9 per cent stake in the company as of June 30, 2020, while FIIs held 14.8 per cent, DIIs 8.3 per cent and public and others 15 per cent.
ICICI Direct has given a buy rating to HUL with a target price of Rs 2175. The share price moved down by 0.69 per cent from its previous close of Rs 2129.80. The stock’s last traded price is Rs 2115.
Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 501172.10 Crore) operating in FMCG sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 11520.00 Crore, up 8.97 % from last quarter Sales of Rs 10572.00 Crore and up 15.70 % from last year same quarter Sales of Rs 9957.00 Crore Company reported net profit after tax of Rs 1974.00 Crore in latest quarter.
Investment Rationale The stock after last three sessions breather is placed at the 200 days EMA and the 50% retracement of the previous up move Promoter/FII Holdings Promoters held 61.9 per cent stake in the company as of June 30, 2020, while FIIs held 14.8 per cent, DIIs 8.3 per cent and public and others 15 per cent.
