June 7, 2018 / 4:42 AM / 2 months ago

BUZZ-India's Hindustan Unilever rises; analyst comments bring cheer

** Shares of Hindustan Unilever Ltd climbs as much as 1.7 pct at 1,597.10 rupees, their biggest intraday pct gain since May 31

** Credit Suisse raises price target to 1,750 rupees from 1,675 rupees, maintains “outperform” rating

** At its annual analyst meet on Wednesday, HLL showcased cutting edge work within the FMCG industry on digital and data analytics, and how it is reshaping new age marketing ... this could be an advantage for HLL against existing competitors - CS in note

** Brokerage convinced of HLL’s superior algorithm of delivering volume-led sales growth and driving cost efficiencies to expand margins without compromising on investments required to improve business - Jefferies maintains “buy” rating, price target at 1,680 rupees

** Over 267,000 shares changed hands vs. 30-day moving avg of 1.3 mln

** 26 of the 40 analysts covering the stock have a “buy” or higher rating, 8 have “hold” while 6 rate it at “sell” or lower; median PT is 1,639.50 rupees - Thomson Reuters data

** HLL stock had risen 43.9 pct in 12 months up to Wednesday’s close vs. 9.8 pct gain in the Nifty FMCG index

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