Mumbai:Shares of fast-moving consumer goods (FMCG) major Hindustan Unilever Ltd (HUL) rebounded nearly 5 per cent on Wednesday, a day after falling nearly 7 per cent following its April-June quarter earnings. What's behind the reboundThe stock rebounded nearly 4 per cent in early trade despite poor Q1 results, as brokerages have expressed confidence in the company's long-term growth strategy. While HSBC upgraded HUL to 'Buy' with a target price of Rs 2,450, Motilal Oswal has maintained a 'Buy' rating with a target price of Rs 2,500. HUL reported an exceptional loss of Rs 75 crore, including "restructuring expenses of Rs 115 crore" and acquisition and disposal-related costs of Rs 5 crore. Its tax expenses rose to Rs 952 crore in Q1FY27, from Rs 526 crore a year ago.