Buy Hindustan Unilever on 10% correction: Sandeep J Shah

Sandeep J Shah, CEO, Sampriti Capital in an interview with ET Now talks about Hindustan Unilever stocks.

What is the call on Hindustan Unilever?

The broad strategy continues to stay defensive. A lot of consumption stories and cash flow positive companies are trading at fairly expensive valuations. So, this is not a market you want to chase stocks. You want to look for sell offs. You want to look either for some bad news to buy these stocks, so you could be looking to buy maybe a Hindustan Unilever, something have been bullish on, even though it has all performed the market now by 25-30%.

I have been bullish on it since 260 levels. On a 10% correction, this is the stock you would be quite happy to buy, though there is some bad news, which is there. I do expect that in the last phase of the sell off of the market. You will see all stocks sell off. So, do not expect and do not chase the stock. Look for a correction and some bad news. We have seen some cut in detergent prices. You could see more bad news, that’s the time to actually buy.