Don't buy HUL: Sukhani

Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about HLL See messages about HLL HUL BSE | NSE 17/02/12 Are Mutual Funds betting on HUL?

Don't buy HUL , says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "You don't buy HUL. It goes up 50 points, comes down 50 points and it has done that for the last 10 years. So I don't think traders will make any money from that."

He further added, " Cairn is an excellent stock foreign investor, as well as for a trader you buy it on every dip."

At 16:01 hrs the share was quoting at Rs 219.60, down Rs 9.2, or 4.02% with volumes of 1,655,578 shares.  Yesterday the share closed down 4.21% or Rs 10.05 at Rs 228.80.

The company touched its 52 week high Rs 306.00 and 52 week low Rs 225.25 on 28 Jul, 2009 and 14 May, 2009, respectively. Currently, it is trading -28.24% below its 52-week high. Market capitalisation stands at Rs 48,571.76 crore.