HomeNewsBusinessStocksBuy Hindustan Unilever, Cipla: Rahul Mohindar

Buy Hindustan Unilever, Cipla: Rahul Mohindar

Rahul Mohindar of viratechindia.com recommends buying Hindustan Unilever for target of Rs 940-50 and Cipla for target of Rs 560.

July 26, 2016 / 09:36 IST
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Rahul Mohindar of viratechindia.com told CNBC-TV18, "In Hindustan Unilever, we have that sudden drop from about Rs 950 levels down to almost Rs 885-890 but I think the stock can move up to Rs 940-950. So, it is a reasonable target to work with, Rs 883 being a stop loss, I would recommend buying into HUL. So if you get a dip, that is what I am looking at - Rs 900 being a sweet spot of entry in my opinion.""We think Cipla has got some good volume set up which has started arising over the last three-four days and again we think it is going to be an interesting stock that we are buying into.""We are even bullish on other pharma names like Sun Pharma but in Cipla specifically, Rs 545 is the near-term target but if we can hang in, we even expect Rs 560 on the stock. So, with a stop loss of Rs 513, I would recommend buying Cipla."

first published: Jul 26, 2016 09:34 am

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