Hindustan Unilever: Brokerages have retained their bullish stance on Hindustan Unilever (HUL). Nuvama has maintained a BUY rating on the stock with a target price (TP) of Rs 2,820. Jefferies has also retained its BUY rating, with a target price of Rs 2,450, against the earlier target of Rs 2,850, implying a 25 per cent upside. Meanwhile, Motilal Oswal Financial Services (MOFSL) has maintained its BUY rating with a target price of Rs 2,400, implying a 22 per cent upside. Goldman Sachs maintains a BUY rating on the stock with a target price of Rs 2,450. HDFC Securities maintains a REDUCE rating and has retained its target price at Rs 2,100. Elara Capital reiterates an ACCUMULATE rating on Hindustan Unilever but has cut its target price to Rs 2,230 from Rs 2,390. Morgan Stanley maintains an EQUAL-WEIGHT rating with its target price unchanged at Rs 2,480.
