HIN­DUS­TAN UNILEVER

Flash News Investment - - RECOMMENDATIONS -

{Ticker : 500696 { FV: ₹1 {52-Week H/L: ₹1807.75/1241.30

We had rec­om­mended Hin­dus­tan Unilever in Vol­ume No 35, Is­sue No 02 (dated Oct 29, 2018), when the scrip was trad­ing at Rs 1569. Our rec­om­men­da­tion was based on fac­tors like strong fi­nan­cial per­for­mance and new prod­uct launches. Dur­ing the quar­ter ended Septem­ber 2018, the com­pany’s pre­mium prod­ucts wit­nessed higher growth which forms 25 per­cent of the to­tal rev­enue. With prod­uct in­no­va­tion, the com­pany con­tin­ues to fo­cus on pre­mi­u­mi­sa­tion yet main­tain­ing af­ford­abil­ity as­pect. The vol­ume growth would con­tinue to drive the com­pany’s top-line. Also, the ris­ing de­mand from ru­ral ar­eas is driv­ing its vol­ume growth. It has strong pos­i­tive prospects over the medium term. But as our tar­get price was achieved, we rec­om­mended our in­vestors to BOOK PROFIT on Nov. 28, 2018.

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