Ambareesh Baliga, Market Expert is of the view that Hindustan Unilever may test Rs 1200 in 1 year.
Ambareesh Baliga, Market Expert told CNBC-TV18, "I would prefer to pick up FMCG stocks which have been underperforming - Emami, Dabur India, these are ones which we are buying in the last two to three weeks. Last week I recommended Hindustan Unilever (HUL) although it has moved up from those Rs 820-830 levels closer to Rs 950 but still overall there has been an underperformance."
"Over the next three to four quarters, clearly I see them coming out with better strategies to basically fight against the Patanjali market share. So, we could see levels of possibly about Rs 1,150-1,200 for HUL possibly over the next one year," he said.
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