UBS has a sell call on Hindustan Unilever. Suresh Mahadevan, Managing Director and Head of India Equities at UBS Securities tells CNBC-TV18 in an exclusive that the company has been downgraded because of the pressures it is likely face from competitors in an inflationary environment. ITC and United Spirits are a great buy for an ideal portfolio, he says.
Below is the verbatim transcript. Also watch the accompanying video Q: The downgrade on HUL that UBS has put out, what was that predicated on because that stock has been on a bit of a tear?A: We think some of the consumer names have done quite well. Hindustan Unilever (HUL) is just one of them where we have a negative view. It
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