SUMMARY
CLSA maintains 'outperform' on the shares of HUL with a target price of Rs 2,660, while MS maintains 'overweight' on the shares of HDFC Life with a target price of Rs 705. Here are the top brokerage calls for the day -
CLSA on Hindustan Unilever | CLSA maintains 'outperform' on the shares of HUL with a target price of Rs 2,660. It remains one of the preferred picks in staples, says CLSA.
CITI on Hindustan Unilever | Citi maintains 'buy' on the shares of HUL with a target price of Rs 2,920. The brokerage house raises earnings estimates by 1-5 percent.
Morgan Stanley on Hindustan Unilever | Morgan Stanley maintains 'equal-weight' on the shares of HUL with a target price of Rs 2,230. The brokerage house says that the first quarter earnings beat estimates, and inflationary pressures should continue to hurt margin in the second quarter.
Nomura on HDFC Life | Nomura maintains 'buy' on the shares of HDFC Life with a target price of Rs 660. The brokerage house says that the valuation comfort is high, and lower cyclical risks underpin positive bias.
Morgan Stanley on HDFC Life | Morgan Stanley maintains 'overweight' on the shares of HDFC Life with a target price of Rs 705. The brokerage house says that continued value of new business delivery amid tough conditions is underappreciated.