BSE Code: | NSE Code: | ISIN: | Sector:

NSE
1249.95
Change Change %
-7.75 -0.62%

Updated:23 Oct, 2017, 15:59 PM IST

BSE
1248.65
Change Change %
-10.70 -0.85%

Updated:23 Oct, 2017, 15:48 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Motilal Oswal
N/A
25-09-2017 Buy 1247.00 1400.00
N/A
Open Long (1Y)
25-09-2018

Motilal Oswal maintains buy on Hindustan Unilever


We expect Hindustan Unilever to report 18% PAT CAGR over FY17-19, as against 6.1% in the last three years, 10.6% in the last five years and 10.7% in the last 10 years. While valuations are not cheap at 45.2x FY19E EPS (given potentially strong earnings growth), we believe premium valuations are justified, particularly as return ratios and dividend yield remain best-of-breed. We maintain our Buy rating on the stock with a target price of INR1,400 (46x Sep' 2019E EPS; 10% premium to three-year average valuations).

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