Underperform HUL, target Rs 885: CLSA
The company saw strong return ratios despite a marginal drop. Securing approvals are likely to return Rs 22 bn excess cash to shareholders.
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| CLSA maintains an underperform rating on HUL with a target price of Rs 885. The company has generated 110 per cent ROAE, and has maintained 100 per cent dividend payout in FY16.
The company saw strong return ratios despite a marginal drop. Securing approvals are likely to return Rs 22 bn excess cash to shareholders. The management insights and strategy remain equally impressive, said the brokerage note. The company has good fundamentals, but all the major positives are in the price.
The company saw strong return ratios despite a marginal drop. Securing approvals are likely to return Rs 22 bn excess cash to shareholders. The management insights and strategy remain equally impressive, said the brokerage note. The company has good fundamentals, but all the major positives are in the price.
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