Bullish on HUL: CK Narayan, Sharyans Resources

CK Narayan, President Treasury, Sharyans Resources, in an interview with ET Now, talks about HUL


What is the call on Hindustan Unilever?

Lever is a stock I have been positive on. It has not really performed very well. It has been pretty range bound for a while between about Rs 270 to Rs 280. At lower levels, it does seem to be finding a lot of takers. With a stop somewhere around Rs 268 or thereabouts, it is a stock I would go long. The market has already factored in that there will be some problems with the bottom line as far as labour is concerned but I also see a lot of switch trades happening into the FMCG sector and if FMCG is one of the sectors which is being sought after, then Hindustan Lever will certainly remain one of the stocks in which people would switch into. So from that perspective as well as independently, Lever is a decent buy at about Rs 270. It is trading currently at about Rs 75-76. So any dip I would use to buy. I am positive for about Rs 290 in the short term for Lever.