May 07, 2013, 06.33 PM | Source: CNBC-TV18
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 (more)
CEO- Global Asset & Wealth Management, Edelweiss Financial Services | Capital Expertise: Equity - Fundamental
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.”