homephotos Newsmarket NewsWednesday's top brokerage calls: Hindustan Unilever and HDFC Life

Wednesday's top brokerage calls: Hindustan Unilever and HDFC Life

2 Min(s) Read

By CNBCTV18.com Jul 20, 2022 8:31:38 AM IST (Published)

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 -

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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.

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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.

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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.

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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.

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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.

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