Hindustan Unilever share price: Buy Hindustan Unilever, target price Rs 2440: ICICI Direct

ICICI Direct has buy call on with a target price of Rs 2440. The current market price of Hindustan Unilever Ltd. is Rs 2394.35. 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 563109.17 Crore) operating in FMCG sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 12542.00 Crore, up 2.51 % from last quarter Total Income of Rs 12235.00 Crore and up 32.37 % from last year same quarter Total Income of Rs 9475.00 Crore. Company reported net profit after tax of Rs 2191.00 Crore in latest quarter.


Investment Rationale
Price breaking above last one months range with a higher base at the 100 days EMA.

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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