Buy on HUL with a target at Rs 975: BofA-ML

BofA-ML maintains a buy rating on HUL post Q4 results with a 12-month target price of Rs 975. The investment bank believes that key negatives i.e. rising tax rate, removal of excise benefits are behind us.

The management focus on volume growth, profitability, premiumization is positive and is the step in the right direction. A likely buyback or a special dividend will be key trigger for the stock.