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Analysts see 20% upside in this FMCG stock on strong outlook, product mix

Hindustan Unilever's (HUL's) focus on cost saving and superior products would lead to moderate margin expansion, say analysts

HUL
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Nikita Vashisht New Delhi
After rallying over 20 per cent since the beginning of August to hit a new high last Monday, twice the 10 per cent rise in the benchmark Sensex, shares of Hindustan Unilever (HUL) have taken a breather. Analysts, however, are bullish and expect the stock to rise further. While many see at least a single-digit rise, some are predicting up to 20 per cent gains from current levels of Rs 2,785, deriving comfort from the company’s long-term growth strategies, along with increase in prices to protect margins.
 
That said, a scale back of 180-230 basis points (bps) in the

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