Shares of the FMCG giant Hindustan Unilever (HUL) have extended gains for the fourth consecutive day on Thursday, gaining over 1.5 per cent even as benchmark indices the 30-pack Sensex and the broader Nifty declined almost a per cent each.
Should you Buy, Sell or Hold?
Analysts at Sharekhan like the stock for its leadership position in 80 percent of the portfolio. “Along with that, improving growth outlook and a healthy balance sheet with consistent cash flows makes it a best pick in FMCG space,” according to the brokerage firm. It has a “buy” rating with a target price of Rs 2,850.