May 06, 2013 11:20 AM IST | Source: CNBC-TV18

Buy HUL on declines, says Sukhani

One can buy Hindustan Unilever (HUL) on declines, says Sudarshan Sukhani of s2analytics.com.

One can buy Hindustan Unilever (HUL) on declines, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Hindustan Unilever (HUL) is a buy but we want to wait patiently. After this kind of a rally, a stock can consolidate for almost a month also. We have seen many examples. So, a person who buys here, gets chopped around. Wait for a small correction and then buy it, make it into a 2-3 day trade, buy at a lower end, the market will define the lower end and then sell on a small rally but every time you buy on a dip, it should give you money."

The share touched its 52-week high Rs 597 and 52-week low Rs 415.90 on 30 April, 2013 and 05 June, 2012, respectively. Currently, it is trading 3.83 percent below its 52-week high and 38.05 percent above its 52-week low. Market capitalisation stands at Rs 124,158.35 crore.

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