HUL has clocked an EBITDA (earnings before interest, tax, depreciation and amortization) of Rs 3,521 crore, up 8% YoY in the June quarter. ​Meanwhile, EBITDA margins improved by 40 basis points to 23.6% in the reporting period.
HUL share price: Nomura India had a target of Rs 3,175 on the stock at the end of December 2022, which it trimmed to Rs 3,125 in January and later to Rs 3,025 in April this year. It maintained that target in a quick note on June 6.
Stocks in focus today: The domestic market is gradually shifting towards a positive terrain, supported by FIIs inflows and positive Q4 earnings from banks. Wipro, Raymond, HUL, Bajaj Finserv are among the stocks to watch on Friday, April 28, 2023.