HUL may see 3-4% correction: Aditya Agarwal

Agarwal told CNBC-TV18, “HUL has seen a dream run in the last couple of days. It has made an all time high levels but after that we are seeing some correction in the stock. Overall the stock is not looking weak but from these levels profit booking cannot be ruled out. So we are expecting another 3-4% correction in HUL and thereafter one can make long positions. As of now, long positions should be avoided; we are seeing some short rollovers, so another 4-5% correction cannot be ruled out. But from lower levels again long positions can be initiated.”