Exit HUL; Switch to Emami, Tata Coffee: AnandRathi

• The call Hindustan Unilever (HUL) was initiated with price of 317 on 4th January, 2011 with a price target of Rs.400 and was later also included in the Diwali pick in October 2011 with a revised price target of Rs.445. The CMP of the stock is Rs.450. Total returns till date 42% from the initiation.
• Now we suggest to book profits in HUL and close the call, instead switch to EMAMI & TATA COFFEE.

TATA COFFEE looks good to cross 1026 in the near term. Above which a target of 1250 is possible in the medium term , as it is a breakout above the ascending triangle formation on the monthly charts.

FIIs holding more than 30% in Indian cos

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