Buy HUL near to Rs 350: Darashaw

Buy HUL near to Rs 350, says Regan F Homavazir, Associate VP - Technical Research of Darashaw.

Homavazir told CNBC-TV18, "We have been very bullish on Hindustan Unilever right from Rs 280 and we continue to remain bullish on this stock. The first target that we had outlined for HUL was Rs 450 and the second being Rs 600. Today where it stands at about Rs 385 I would still say and recommend that it should be one of your top 5 holdings in the market in your portfolio and should it come near Rs 350 it would be an aggressive buy."
The company touched its 52-week high Rs 402.90 and 52-week low Rs 264.50 on 14 Nov, 2011 and 22 Mar, 2011, respectively. Currently, it is trading -5.21% below its 52-week high and 44.39% above its 52-week low. Market capitalisation stands at Rs 82,529.56 crore.
The company's trailing 12-month (TTM) EPS was at Rs 11.67 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 32.72. The latest book value of the company is Rs 0.00 per share. At current value, the price-to-book value of the company was 0. The dividend yield of the company was 1.7%.