Feb 27, 2013, 09.35 AM | Source: CNBC-TV18
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Hindustan Unilever (HUL) for short-term.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "For HUL at Rs 450-460 there is very strong support. Now it may or may not work out but if it does for a short-term trader and assuming that the Nifty is to be managed on the upside even for a few points, HUL could be a very decent participant because technically it is unlikely to crack below this support in a hurry. So, it is a buying opportunity for a short-term trader.”
The share touched its 52-week high Rs 579.60 and 52-week low Rs 383.65 on 16 October, 2012 and 02 March, 2012, respectively. Currently, it is trading 21.93% below its 52-week high and 17.95% above its 52-week low. Market capitalisation stands at Rs 100,234.56 crore.
The company's trailing 12-month (TTM) EPS was at Rs 10.68 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 42.37. The latest book value of the company is Rs 15.88 per share. At current value, the price-to-book value of the company was 28.49. The dividend yield of the company was 1.66%.