May 06, 2013, 11.06 AM IST | Source: CNBC-TV18

Buy HUL on declines, says Sukhani

One can buy Hindustan Unilever (HUL) on declines, says Sudarshan Sukhani of s2analytics.com.

One can buy Hindustan Unilever (HUL) on declines, says Sudarshan Sukhani of s2analytics.com.

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.

Set email alert for

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Rahul Gandhi

585.71 4.47 0.77%

404850

Bought today

53096

Sold today

0.51%

User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

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.