Latest News Large cap FMCG giant Hindustan Unilever Ltd shares will trade ex-dividend on June 14, 2024. The Board of Directors of Hindustan Unilever on April 24, 2024 recommended a final dividend of Rs 24/share for the financial year ended March 31, 2024 on equity share of Re 1/- each. Current market price of HUL share on BSE is Rs 2555.
35 per share. Hindustan Unilever Ltd share offered return of over 6% in last 2-weeks and gained over 8% in last 1-month. Jefferies sought to upgrade HUL shares to buy call and also increased target price to Rs 2,950 from Rs 2,530 earlier.
FII/FPI have decreased holdings from 13.65% to 12.67% in March 2024 quarter.
Number of FII/FPI investors decreased from 2013 to 1925 in March 2024 quarter. Mutual Funds have increased holdings from 4.75% to 5.
01% in March 2024 quarter. Sbi Equity Savings Fund has 1.53% stake in HUL.
Check key details below: Jefferies Recommend Buy To HUL Shares : According to the global brokerage firm, ""Surprise election outcome makes us believe that govt will likely adopt a more favourable policy towards consumption, especially rural/BOP. This comes at a time when a few cos are pointing to an expected pickup in rural, which augurs well for HUL." HUL has sharply underperformed Nifty, as it faced severe growth and margin headwinds over past few years," added Jefferies.
The analyst anticipates HUL's growth in the financial year 2025 to pick up going ahead. Jefferies also upgraded HUL's earnings per share (EPS) estimates by 1-3.
