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Mar 14, 2013, 05.39 PM IST
Shardul Kulkarni of Angel Broking is of the view that, in largecap stocks Hindustan Unilever (HUL) is looking good, so one can buy the stock for a target price of Rs 480-485.
Shardul Kulkarni of Angel Broking is of the view that, in largecap stocks Hindustan Unilever (HUL) is looking good, so one can buy the stock for a target price of Rs 480-485.
Kulkarni told CNBC-TV18, "The volatility in midcaps over the last few sessions has made it very difficult to trade. I would prefer largecap stocks to trade and in them HUL is a good bet. The stock is a defensive and if the market is going to move up, HUL will contribute significantly. If the market moves down, you will get good outperformance in comparison to the benchmark indices. So, HUL would be a buy for me. In case of the prices, on the upside Rs 480-485 is what I am looking at. Buy with a stop loss on the lower side of around Rs 442-443. HUL's trailing 12-month (TTM) EPS was at Rs 10.68 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 42.68. The latest book value of the company is Rs 15.88 per share. At current value, the price-to-book value of the company was 28.7. The dividend yield of the company was 1.65%.
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