Economy

HUL: What global brokerages have to say about HUL, Bharat Forge and USL

New Delhi: As the result season is officially over for India Inc, global brokerages appear to be positive on a number of domestic companies. Hong Kong-based brokerage firm CLSA has maintained its ‘outperform’ rating on (HUL) with a target price of Rs 2,575 on the counter. However, near term headwinds related to inflation are key challenges for the FMCG major.

On the other hand, thrust on enhancing structural prospects and business model, accelerated adoption of consumer trends and BPC segment are seen as key positives.

JP Morgan is positive on

,USL) and has maintained an overweight rating on the counter with a target price of Rs 900 on the alcohol firm. It has arrived at the target price based on EV/Ebitda multiple of 33 times.



On the contrary, BofA Securities is negative on Bharat Forge and believes that the company might underperform, despite India M&HCV cycle looking up. It has a target price of Rs 520 on the counter.

“Class 8 truck orders have dropped, whereas the leading indicators continue to soften,” it added. “The company derives 25 per cent of its revenue from the global truck segment, which is now starting to crack.”

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