Buy Hindustan Unilever, target price Rs 2370: Motilal Oswal

Motilal Oswal has buy call on Hindustan Unilever Ltd. with a target price of Rs 2370. The current market price of Hindustan Unilever Ltd. is Rs 2270.35.

Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 533243.54 Crore) operating in FMCG sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 11989.00 Crore, up 4.07 % from last quarter Sales of Rs 11520.00 Crore and up 20.15 % from last year same quarter Sales of Rs 9978.00 Crore Company reported net profit after tax of Rs 1938.00 Crore in latest quarter.


Investment Rationale
Negated its lower highs on daily frame with rising volumes at support zone

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.