Why Hindustan Unilever is IndiaNivesh's top bet for FY20
Updated : April 17, 2019 11:20 AM IST
IndiaNivesh recommends ‘buy’ on Hindustan Unilever with a price target of Rs 2,100 per share.
Good monsoon, rising disposable income, 7th Pay Commission roll out coupled with HUL’s ability will connect back to masses.
The brokerage also said that strong and stable cash flows, net debt-free balance sheet and return ratios in excess of 70 percent justifies premium valuation for HUL.
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