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Shares of Hindustan Unilever (HUL) extended their rally, gaining 3 per cent at ₹2,380 on the BSE in Wednesday’s intra-day trade.
HUL raised soap prices by 5-10% after recent GST-led corrections due to higher input costs.
KEY POINTS
- Further price hikes in detergents and face washes from HUL are expected to protect margins.
- ICICI Securities believes HUL will gain volume share from smaller competitors amid inflation.
- Analysts reiterated a 'BUY' rating for HUL with a target price of ₹2,800 per share.
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