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May 07, 2013, 05.54 PM IST | Source: CNBC-TV18

HUL interesting opportunity, buy around Rs 571-572: Jain

Nitin Jain of Edelweiss Securities feels Hindustan Unilever (HUL) is a very interesting opportunity. He said one could buy HUL at around Rs 571-572.

Nitin Jain of Edelweiss Securities feels Hindustan Unilever (HUL) is a very interesting opportunity. He said one could buy HUL at around Rs 571-572.

Jain told CNBC-TV18, “HUL right now is a very interesting opportunity; it is not a very high return strategy but a very low risk strategy. You can buy HUL right now at around Rs 571-572 and you can tender the stock.”

He further said, “My expectation is that at least 90 percent of your stock will get accepted. Hence you can easily make around 4-4.5 percent in two and half months without too much of a downside. So it looks like a good opportunity right now for people who are not willing to take too much risk in the market.”

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