SENSEX NIFTY
Mar 14, 2013, 05.39 PM IST | Source: CNBC-TV18

Buy Hindustan Unilever; target Rs 480-485: Kulkarni

Shardul Kulkarni of Angel Broking is of the view that, in largecap stocks Hindustan Unilever (HUL) is looking good, so one can buy the stock for a target price of Rs 480-485.

Shardul Kulkarni of Angel Broking is of the view that, in largecap stocks Hindustan Unilever (HUL) is looking good, so one can buy the stock for a target price of Rs 480-485.

Kulkarni told CNBC-TV18, "The volatility in midcaps over the last few sessions has made it very difficult to trade. I would prefer largecap stocks to trade and in them HUL is a good bet. The stock is a defensive and if the market is going to move up, HUL will contribute significantly. If the market moves down, you will get good outperformance in comparison to the benchmark indices. So, HUL would be a buy for me. In case of the prices, on the upside Rs 480-485 is what I am looking at. Buy with a stop loss on the lower side of around Rs 442-443.

HUL'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 42.68. 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 28.7. The dividend yield of the company was 1.65%.

Set email alert for

ADS BY GOOGLE

video of the day

Risk is a four letter word: Author Jerome Booth

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.