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Buy Hindustan Unilever, advises Yogesh Mehta

Yogesh Mehta of Motilal Oswal suggests buying Hindustan Unilever.

May 25, 2017 / 05:37 PM IST

Yogesh Mehta of Motilal Oswal told CNBC-TV18, "Technically, ITC is facing a resistance at around Rs 302-303 level and it is not being able to surpass. So once it moves beyond this level then we can see a fresh upmove into that."

"Hindustan Unilever on the technical front shows strong set up and currently it is quoting at Rs 1,043 in current segment. So, there one can look on the buy side keeping a stop loss of Rs 1,010-1,015 on a slightly longer-term and then one can look at new highs because for the next upmove to be continued for the Nifty and surpassing new highs, this is the heavyweight FMCG champion which can help them achieving new highs," he added.
first published: May 25, 2017 04:41 pm
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