Citi: BUY Hindustan Unilever with target price of Rs 2710
Financial services major Citi has given BUY Call for FMCG giant Hindustan Unilever with target price of Rs 2710. The research note shared by analysts from Citi added that HUL will benefit as the number of COVID-19 cases have declined across India.
As regions across India will reopen gradually, the demand for FMCG goods are expected to go higher. Hindustan Unilever is expected to report strong performance. The company managed to perform better than analysts’ expectations even during COVID-19 last year.
The brokerage has suggested BUY Call on the stock with the target at Rs 2,710 per share. The stock has been trading strong. At current market price of Rs 2,375, HUL is looking good as a medium term investment. Citi expects HUL to report strong margins in the upcoming quarter.
All trades should be carried out with strict Stop Loss. In case the trade doesn’t happen as per expectations, it is good to exit the trade if the call is in profit. TopNews will review performance of trading calls by the end of the trading session.