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  • Stock Recommendation: Hindustan Unilever — Sell — TP Rs.1,605

    Publish date: 17th July, 2018

    Strong quarterly performance

    The juggernaut called the Hindustan Unilever (HUL) continues to roll on as it posted double-digit growth across all the three sectors in the first quarter of FY2019. The company’s WIMI (Win in Many Indias) initiative was one major factor for the stellar performance. The other contributing factors are: cost management, right product mix and innovation.

    But a lot has happened during that period. The company’s stocks have increased by 18% and its valuation has hit the ceiling. We don’t expect any advantages in buying the stocks at current levels.

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