Buy Hindustan Unilever, target price Rs 2700: Kotak Securities

Kotak Securities has buy call on Hindustan Unilever with a target price of Rs 2700. The current market price of Hindustan Unilever is Rs 2619.85.
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 615616.41 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 30-06-2022, the company reported a Consolidated Total Income of Rs 14757.00 Crore, up 6.58 % from last quarter Total Income of Rs 13846.00 Crore and up 20.37 % from last year same quarter Total Income of Rs 12260.00 Crore. Company reported net profit after tax of Rs 2391.00 Crore in latest quarter.

Investment Rationale
Rising channel chart formation and hammer candlestick pattern suggests bullish continuation to persist.

Promoter/FII Holdings
Promoters held 61.9 per cent stake in the company as of 30-Jun-2022, while FIIs owned 15.69 per cent, DIIs 9.79 per cent.