October 15, 2018 / 4:20 AM / a year ago

BUZZ-India's Hindustan Unilever falls; CLSA raises margin concerns

** Consumer major Hindustan Unilever Ltd’s shares down as much as 3 pct to 1,522.35 rupees

** September quarter profit jumped about 20 pct to 15.25 bln rupees ($206.44 mln), beating analyst estimates

** CLSA cuts PT to 1,750 rupees from 1,950 rupees, maintains outperform

** While the recent surge in crude oil prices and rupee depreciation raise concern on HUL’s margins, giving it the benefit of doubt - CLSA

** Jefferies says Q2 results ahead of estimates but rising raw material prices and bond yields pose a downside risk to earnings and valuations

** 16 of 39 brokerages covering the stock rate it “buy” or higher, 15 “hold” and eight “sell” or lower; their median PT is 1,748 rupees ($1 = 73.8700 Indian rupees)

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