Hindustan Unilever share price: Buy Hindustan Unilever, target price Rs 2790: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on with a target price of Rs 2790.

The current market price of Hindustan Unilever is Rs 2678.05.

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 629208.14 Crore) operating in FMCG sector.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 12260.00 Crore, down -2.25 % from last quarter Total Income of Rs 12542.00 Crore and up 12.63 % from last year same quarter Total Income of Rs 10885.00 Crore. Company reported net profit after tax of Rs 2100.00 Crore in latest quarter.

Investment Rationale
Higher lows from the last 12 sessions and follow up buying at higher levels with fresh weekly breakout.


Promoter/FII Holdings
Promoters held 61.9 per cent stake in the company as of March 31, 2021, while FIIs held 15 per cent, DIIs 10.7 per cent and public and others 12.5 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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