Buy Hindustan Lever: CK Narayan

In an interview with ET Now, CK Narayan, Growth Avenues Asset Advisors shares his views about various stocks.

What are your stock recommendations?

We recommend Hindustan Lever which is slightly defensive and currently trading at about 384. The stock seems to have saved itself on the brink of some break down of support.

If the market were to steady up, it could rally from here. Keep a nearby stop loss of about Rs 5 to 6 from your entry price and look for a target of about 395-397 in a day or 2.