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Wednesday, December 1, 2021

HUL started recovering from lockdown Buy, sell or hold shares after quarterly results

HUL Stocks: Leading consumer company HUL is now looking to overcome the challenges of Covid 19. HUL’s second quarter results have been better due to recovery in business. In the second quarter of FY 2021, HUL’s profit grew 8.7 per cent to Rs 2,009 crore. This is better than anticipated. At the same time, revenue from operations has also increased by 16.1 percent to Rs 11,442 crore. At present, after the quarterly results of HUL, the stock has shown slight weakness today. Will the company’s stock get a boost from the quarterly results. Know what is the opinion of the brokerage.

Estimates of strong growth in the coming days

Brokerage house Motilal Oswal believes that the company has shown steady and better growth over the past few years. There are signs of improvement on a quarterly basis in all categories. The company has the potential to increase its market share further. The company’s portfolio is strong and the customer base is also strong. The company’s business is now moving towards pre-covid level. HUL will also have the advantage of maintaining the lead overcast savings and pierce companies. The midterm outlook for the company is looking good. Rural demand has strengthened, although urban demand has not been achieved as before.

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According to brokerage house JP Morgan, the second-quarter results have been better than anticipated and the outlook seems to be improving. Management commentary is also positive, which has raised expectations. Growth is expected to continue further. Rural according to brokerage house Sharekhan
Growth of HUL is looking better due to strong recovery in the area. The brokerage has given better earnings estimates for FY 2021, 2022 and 2023. According to the report, although there will be pressure on margins in the near term due to higher input prices, the growth of the company is expected to be better in the coming days.

How much can the stock rise

Motilal Oswal

Rating: Buy
Target: Rs 2620
CMP: Rs 2172
Returns: 21%

CLSA

Rating: Buy
Target: Rs 2600
CMP: Rs 2172
Returns: 20%

Sharekhan

Rating: Buy
Target: Rs 2550
CMP: Rs 2172
Returns: 17%

Dolat Capital

Rating: Reduce
Target: Rs 2320
CMP: Rs 2172

Jefferies

Rating: Buy
Target: Rs 2650
CMP: Rs 2172
Returns: 22%

(Note: We have given information here on the basis of quarterly results and brokerage house report. Considering the risk of the market, consult experts before investing.)

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