Limited upside seen in HUL, says PN Vijay

PN Vijay, Portfolio Manager, www.askpnvijay.com says in HUL there is limited upside from hereon. If the economy starts moving in the second half of this year it will be very static.

Vijay told CNBC-TV18, “HUL has somewhat limited upside because it has had a huge move because what has happened in the last 6-7 months is that we have got a liquidity coming into India from abroad and that liquidity has been basically going into two sectors or two and a half sector FMCG, Pharma and the private banks. So that has to reverse sometime and then the clever trade would be for people to book the huge profits in Hindustan Lever (HUL) and move into BHEL or a L&T. Then you are betting on investment reviving the economy.”
He further added, “Hindustan Lever was very good when you had money and you want to buy something, but nothing looked safe. But hopefully if the economy starts moving in the second half of this year Hindustan Lever Limited (HLL) will be very static. It may not fall, but it will be very static from this level.”