May 06, 2013, 11.20 AM | Source: CNBC-TV18
One can buy Hindustan Unilever (HUL) on declines, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
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.