Buy Hindustan Unilever, target price Rs 2410: Kotak Securities

Kotak Securities has buy call on Hindustan Unilever with a target price of Rs 2410. The current market price of Hindustan Unilever Ltd. is Rs 2340.5. 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 549745.62 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-2021.



Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 13099.00 Crore, up 6.84 % from last quarter Total Income of Rs 12260.00 Crore and up 11.23 % from last year same quarter Total Income of Rs 11776.00 Crore. Company reported net profit after tax of Rs 2185.00 Crore in latest quarter.

Investment Rationale
Stock is into oversold territory near its multiple support hence reversal is likely for a new leg of uptrend

Promoter/FII Holdings
Promoters held 61.9 per cent stake in the company as of 30-Sep-2021, while FIIs owned 18.5 per cent, DIIs 7.41 per cent.