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ICICI Direct has given buy rating Hindustan Unilever with a target price of Rs 2079. The share price moved up by 0.38 per cent from its previous close of Rs 2052.85. The stock’s last traded price is Rs 2060.55.
Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 479731.13 Crore) operating in FMCG sector.
Hindustan Unilever Ltd. key Products/Revenue Segments include Personal Care which contributed Rs 38273.00 Crore to Sales Value (98.67 % of Total Sales) and Other Operating Revenue which contributed Rs 512.00 Crore to Sales Value (1.32 % of Total Sales)for the year ending 31-Mar-2020.
Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 10572.00 Crore, up 16.46 % from last quarter Sales of Rs 9078.00 Crore and up 3.39 % from last year same quarter Sales of Rs 10225.00 Crore. The Company reported net profit after tax of Rs 1897.00 Crore in latest quarter.
Investment Rationale
The brokerage said that price is forming base at the 80% retracement of the previous major up move and stochastic giving a buy signal.
Promoter/FII Holdings
Promoters held 61.9 per cent stake in the company as of June 30, 2020, while FIIs held 14.8 per cent, DIIs 8.3 per cent and public and others 15 per cent.
Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 479731.13 Crore) operating in FMCG sector.
Hindustan Unilever Ltd. key Products/Revenue Segments include Personal Care which contributed Rs 38273.00 Crore to Sales Value (98.67 % of Total Sales) and Other Operating Revenue which contributed Rs 512.00 Crore to Sales Value (1.32 % of Total Sales)for the year ending 31-Mar-2020.
Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 10572.00 Crore, up 16.46 % from last quarter Sales of Rs 9078.00 Crore and up 3.39 % from last year same quarter Sales of Rs 10225.00 Crore. The Company reported net profit after tax of Rs 1897.00 Crore in latest quarter.
Investment Rationale
The brokerage said that price is forming base at the 80% retracement of the previous major up move and stochastic giving a buy signal.
Promoter/FII Holdings
Promoters held 61.9 per cent stake in the company as of June 30, 2020, while FIIs held 14.8 per cent, DIIs 8.3 per cent and public and others 15 per cent.