HUL Outlook: Consumer goods giant Hindustan Unilever (HUL) has broken more than 5 percent in two days. In 2022 this year, it has weakened by about 16 percent and has slipped to a price of Rs 1992.80 on the NSE. Although market experts are seeing this as an investment opportunity and believe that […]
HUL Outlook: Consumer goods giant Hindustan Unilever (HUL) has broken more than 5 percent in two days. In 2022 this year, it has weakened by about 16 percent and has slipped to a price of Rs 1992.80 on the NSE. Although market experts are seeing this as an investment opportunity and they believe that investors have a golden chance of about 25 percent profit in it. Brokerage firm Motilal Oswal has retained the buy rating for investment in HUL but at present it is not in the list of its top pick. The brokerage firm has fixed a target price of Rs 25,000 for investing in this, which is about 25 percent more than the current price. It is a FMCG sector leader selling products like Surf Excel, Rin, Lux Lifebuoy, Dove, Fair & Lovely and Ponds.
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Not in the list of top pick but buy rating remains intact
- According to market analysts of brokerage firm Motilal Oswal, HUL’s business is being affected due to sharp inflation in the commodity. Due to this the brokerage firm has cut the EPS (earnings per share) estimate of the company for the financial year 2023-24. However, structurally there is no change in the position of the company.
- Compared to other consumer goods companies, HUL’s earnings were lower than expected in the last few quarters. Soaps, detergents and dish wash constitute the largest part of the company’s product portfolio and the company’s earnings were affected due to the sharp jump in their cost.
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- According to the brokerage firm, the earnings of the company may increase once again but uncertainty will remain for the next two quarters.
- Motilal Oswal has retained the buy rating of HUL. Analysts have fixed a target price of Rs 2500 per share for investing in it. However, it is not in the list of top picks of the brokerage firm.
(The stock recommendations given in the story are those of the respective research analyst and brokerage firm. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)
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