Shares of Hindustan Unilever (HUL) rise by more than 3% after brokerages respond to the company’s quarterly performance. Several brokerages reassess expectations following HUL’s June-quarter (Q1) results, with some firms cutting their target prices after reviewing earnings. Despite the target cuts, analysts keep a positive outlook, citing continued demand, HUL’s strategy of “premiumisation,” and the company’s ability to maintain margins. The mixed broker response reflects a split between near-term valuation adjustments and longer-term confidence in underlying business trends. Investors appear to react more to the retained bullish themes than to the revised price targets. Overall, the movement in HUL’s stock indicates that brokerages are adjusting forecasts after the quarterly miss, while still viewing growth drivers such as premium product mix and margin resilience as supportive for the company’s performance going ahead.