Buy Hindustan Unilever, target price Rs 2690: Motilal Oswal

Motilal Oswal has buy call on Hindustan Unilever Ltd. with a target price of Rs 2690. The current market price of Hindustan Unilever Ltd. is Rs 2235.05.

Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 523081.71 Crore) operating in FMCG sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 12235.00 Crore, up 3.90 % from last quarter Total Income of Rs 11776 Crore and up 19.86 % from last year same quarter Total Income of Rs 10208.00 Crore. Company reported net profit after tax of Rs 1938.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 61.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 14.9 per cent, DIIs 10.7 per cent and public and others 12.5 per cent.