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Hindustan Unilever share price: Buy Hindustan Unilever, target price Rs 2780: Motilal Oswal

Hindustan Unilever share price: Buy Hindustan Unilever, target price Rs 2780: Motilal Oswal

Motilal Oswal has buy call on Hindustan Unilever with a target price of Rs 2780. The current market price of Hindustan Unilever Ltd. is Rs 2340.5. Time period given by analyst is one year when Hindustan Unilever price can reach defined target. Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 549810.62 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.

Hindustan Unilever, the country s leading fast-moving consumer goods manufacturer, Advances Nearly 1% On Jump In March Quarter Net Profit

Hindustan Unilever s revenue from sale of products rose 34 per cent to Rs 11,947 crore Hindustan Unilever shares jumped nearly a per cent on the BSE after the country s leading fast-moving consumer goods manufacturer reported a 41 per cent jump in net profit at Rs 2,143 crore in the quarter ended March 2021, compared to Rs 1,519 crore in the same quarter last year. At 2:14 pm, the shares of Hindustan Unilever were trading at Rs 2,424.60, higher by 0.7 per cent on the BSE. Hindustan Unilever s revenue from sale of products rose 34 per cent to Rs 11,947 crore from Rs 8,885 crore in the same quarter last year. Promoted The company s domestic consumer growth during the quarter was 21 per cent and underlying volume growth was 16 per cent, Hindustan Unilever said.

Here are the top trading ideas by Vaishali Parekh of Prabhudas Lilladher

BUY HIND UNILEVER | CMP: Rs 2,269.50 | Target: Rs 2,450-2,480 | Stop Loss: Rs 2,170 The stock has corrected well from the peak made near 2,445 and has shown signs of bottoming out near 2,220 level with a momentum pick up expected going-forward. The RSI has also indicated a trend reversal near the oversold zone to signal a buy and is well placed for an upward move. We suggest to buy and accumulate this stock for an upside target of 2,420-2,450, keeping the stop loss of 2,170. BUY UNITED SPIRITS | CMP: Rs 580.70 | Target: Rs 650-670 | Stop Loss: Rs 550 The stock has recently given a decent correction from the peak of 661 and has taken support near the 200-DMA level of 568 and also has the trend-line support base.

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