Hindustan Unilever share price is down 3% in trade today. The stock had risen about 3% in intra-day trade yesterday on October 22 soon after the results were announced. However, the street is now looking at the impact of the GST transition and prolonged monsoon that weighing on performance during the quarter. The GST transition and trade pipeline adjustments impacted volume growth by 2%. Nonetheless, most brokerages have a Buy rating with some tweak in target prices.

Motilal Oswal on HUL: New launches to drive growth

Motilal Oswal has reiterated its Buy rating with a target price of Rs 3,050 per share. This implies upside fo 17% from current levels. The leading domestic brokerage house highlighted that the company “plans to focus aggressively on volume acceleration, alongside new launch

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