HUL stock near six-month high even when co flags volatile operating environment

Hindustan Unilever’s shares have gained over 2% to near six-month high levels despite the company reporting a volatile operating environment. While the company expects that price growth will decrease, HUL believes that market volumes will recover gradually as consumption habits readjust with a lag. Its turnover for FY23 was Rs 58,154 crores, up 16% YoY, with an underlying volume growth of 5%. The fourth-quarter earnings were largely below expectations. The Trendlyne data suggests that Hindustan Unilever has an average target of Rs 2,851.55, indicating an upside of 5.81% from the current levels.