Shares of FMCG giant Hindustan Unilever (HUL) rose for the fourth straight day on Thursday, rising more than 1.5 percent, even as benchmark indices the 30-pack Sensex and the broader Nifty fell nearly one percent each. .
Should you buy, sell or hold?
Analysts at Sharekhan like the stock for its leadership position in 80 percent of the portfolio. In addition, improving growth prospects and a healthy balance sheet with consistent cash flows makes it a top choice in FMCG space. It has a ‘buy’ recommendation with a target price of Rs 2,850.
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