Buy This Large-Cap FMCG Stock For Target Price Of Rs 2,750: ICICI Securities

ICICI Securities has assigned buy rating to the stock of Hindustan Unilever Ltd for a target price of Rs 2750 with a potential upside of 7%. The large cap FMCG sector stock has a market capitalization of Rs 6,05,466.17 crore at the time of writing the story. Check key takeaways below:

Hindustan Unilever Ltd Stock Outlook

The current market price of the stock is Rs 2576 apiece with an intraday gain of 1.92%. According to ICICI Securities, if investors buy the stock at its current market price, it is showing a likelihood of surge to Rs 2750 apiece in a target time of 1 year with a potential gain of 7%.

Hindustan Unilever Ltd Market Capitalization

The current market capitalization is Rs 6,05,466.17 crore.

Hindustan Unilever Ltd 5 Years Return

The stock has given a return of 101% in last 5 years, 42% in last 3 years, and fallen 5% in last 1 year.

Hindustan Unilever Ltd 52 Week High/Low

The stock's 52-week high is quoted at Rs 2859 apiece and 52-week low is quoted at Rs 1901 apiece, respectively.

Hindustan Unilever Ltd Quarterly Results

The company has for the quarter ending June 30, 2022 announced a consolidated total income of Rs 14,757.00 crore, up 6.58% from last quarter total income of Rs 13,846.00 crore. It declared a net profit after tax at Rs 2,391.00 crore in latest quarter.

Hindustan Unilever Ltd About

With nearly 90 years of heritage in India, Hindustan Unilever Limited (HUL) is India's largest fast-moving consumer goods company. On any given day, nine out of ten Indian households use one or more of its brands, giving it a unique opportunity to build a brighter future.

Its portfolio includes leading household brands such as Lux, Lifebuoy, Surf excel, Rin, Wheel, Glow & Lovely, Pond's, Vaseline, Lakmé, Dove, Clinic Plus, Sunsilk, Pepsodent, Closeup, Axe, Brooke Bond, Bru, Knorr, Kissan, Kwality Wall's, Horlicks and Pureit.

HUL is a subsidiary of Unilever, one of the world's leading suppliers of Food, Home Care, Personal Care and Refreshment products with sales in over 190 countries.

Disclaimer

The stock has been picked from the brokerage report of ICICI Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.