Buy Hindustan Unilever, target price Rs 2410: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Hindustan Unilever with a target price of Rs 2410. The current market price of Hindustan Unilever is Rs 2303.55. Time period given by analyst is Intra Day when Hindustan Unilever Ltd. price can reach defined target.

Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 541322.33 Crore) operating in FMCG sector.

Hindustan Unilever Ltd. key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 13846.00 Crore, up 2.57 % from last quarter Total Income of Rs 13499.00 Crore and up 10.40 % from last year same quarter Total Income of Rs 12542.00 Crore. Company reported net profit after tax of Rs 2307.00 Crore in latest quarter.

Investment Rationale
Closed with a strong Bullish candle on weekly frame with rising price and volume activities.

Promoter/FII Holdings
Promoters held 61.9 per cent stake in the company as of 31-Mar-2022, while FIIs owned 15.93 per cent, DIIs 9.34 per cent.