HUL up as UBS upgrades
By
Research Desk
about 11 years ago
HUL is doing well today, the stock is up almost 2% at Rs.461.20 with an intra day high at Rs.463.55. Its market cap stands at Rs.99,685 crore.
The stock is up in the green today after UBS upgraded the stock rating from “neutral” to “buy” and raised its target price from Rs.500 to Rs.540. This optimism is based on expectations of a strong business outlook and prospects of rising volumes for its products.
In a note put out by UBS, it has said, "HUL's brand ladder pricing, category depth, and geographical breadth provide its business with levers to reaccelerate once macro headwinds are behind."