HUL Share Price Target: Stock Up On Ice-Cream Business Demerger - Buy, Sell Or Hold?

HUL Share Price Target: After the fast-moving consumer goods (FMCG) major Hindustan Unilever announced the demerger of its ice-cream business into a separate listed entity, the share of the company has risen nearly three per cent and currently trades at Rs 2,488 apiece.

The stock has also attracted the attention of brokerage firms which have given the company a BUY rating, marking a notable rise in the target price of the stock.

The consumer goods giant announced that the proposed demerger will enable existing shareholders to receive shares in the new entity in proportion to their current holdings in HUL. The demerger is subject to necessary regulatory approvals and shareholder consent, with the plan expected to be presented to the board early next year.

HUL Share Price Target

On November 26, in Antique Morning Presentation (AMP), the brokerage firm asked the investors to hold their positions in HUL maintaining the current target price of Rs 2,666 apiece. Whereas, Kotak Securities, a leading domestic brokerage firm has raised the target for the FMCG major, giving it an upside of 15 per cent at Rs 2,850 against the current market price of Rs 2,488 per share.

Axis Securities has also prescribed a Buy rating on the stock with a 17.6 per cent upside with the target price of Rs 2,920 apiece.

Historical Performance

The HUL share price has declined 3.67 per cent since last month, however, the stock has gained over 4 per cent in the last six-month period. As of 02:39 pm, the shares of the company were trading 0.39 per cent or 9.75 points higher at Rs 2,481.20 apiece.