Standard Chartered positive on HUL

Singh told CNBC-TV18, "We are expecting a strong set of numbers for HUL, in fact that is one of the companies where we are expecting the numbers to surprise, if not surprise at least meet expectations and will be a pleasant set of numbers. So we remain positive on HUL."

He further added, "I think the company is right now in the midst of a strong structural uptrading kind of phenomenon which is there in the consumer sector and that is what I mentioned. I think there is still appetite for stocks like those in India. So people want to buy India for growth not for value even now and I think HUL is in a sweet spot both in terms of fundamentals and in terms of the investor appetite because as I said the investible universe is coming down in India every passing day with fundamentals not keeping pace but in case of HUL we don’t see any such hurdles in the near-term or even in the next 12-15 months. We think the stock would outperform the market."