20 Nov 2025 | 5 Mins Read
HUL likely to rise 33% as Nuvama sees significant upside post spin-off
Flipitmoney
Hindustan Unilever (HUL) stock surges 2% after demerger announcement. Brokerage Nuvama recommends 'Buy' with a target price of Rs 3,200, a 33% upside from current market price. Nuvama expects improved profitability for HUL post-demerger, citing increased industry growth trends and margin recovery, as well as a relatively modest valuation for the new ice-cream company.