Mar 08, 2013, 05.05 PM IST | Source: CNBC-TV18

Buy HUL for long term advises Perrless Securities

Sharmila Joshi of Perrless Securities advised holding HOEC. He also recommended long term investor to buy HUL at current price.

Sharmila Joshi of Perrless Securities advised holding HOEC. He also recommended long term investor to buy HUL at current price.

Joshi told CNBC-TV18, “I would say hold HOEC for a bit because there seems to be possible development of promoters wanting to exit. And in that case existing shareholders may get a slightly better price than what is the current traded market price. Overall my advice would be to exit at higher level.”

“My advice earlier that the market is giving an opportunity to get into some frontline stocks at reasonable valuations, you may have to hold on to these stocks for slightly longer. If you were to buy HUL at this price and if you are prepared to wait for a couple of years then I think that is the stock that safer at this point in time,” Joshi added.

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