Buy Hindustan Unilever, target Rs 1,365: Sameet Chavan
Buy Hindustan Unilever at a price target of Rs 1,365 and a stop loss at Rs 1,240 from entry point.
By ETMarkets.com |
Sameet Chavan of Angel Broking has a buy call on Hindustan Unilever with a target price of Rs 1,365.
The current market price of Hindustan Unilever is Rs 1,278.65.
Time period given by the analyst is one month when Hindustan Unilever price can reach defined target.
Sameet Chavan recommended to keep a stop loss at Rs 1,240. In a reort he said, "Of late, we witnessed some consolidation in this stock and finally, the stock prices broke out from the resistance of the recent consolidation phase. Since the broader trend for the stock is up, we interpret this consolidation as a time-wise correction within an uptrend. As the prices have given a breakout on Friday along with decent volumes and a bullish momentum reading, we expect the stock to resume its broader uptrend. One can buy this stock at current levels for a target of Rs 1,365 over the next 5-10 sessions. The stop loss should be fixed at Rs 1,240."
Hindustan Unilever, incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 2,76,761.05 Crore) operating in Personal Care sector.
The company’s top management includes Dr.Sanjiv Misra, Mr.Aditya Narayan, Mr.Dev Bajpai, Mr.Harish Manwani, Mr.O P Bhatt, Mr.Pradeep Banerjee, Mr.S Ramadorai, Mr.Sanjiv Mehta, Ms.Kalpana Morparia.
Company has BSR & Co. LLP as its auditors.
As on 30-09-2017, the company has a total of 2,164,478,571 shares outstanding.
The current market price of Hindustan Unilever is Rs 1,278.65.
Time period given by the analyst is one month when Hindustan Unilever price can reach defined target.
Sameet Chavan recommended to keep a stop loss at Rs 1,240. In a reort he said, "Of late, we witnessed some consolidation in this stock and finally, the stock prices broke out from the resistance of the recent consolidation phase. Since the broader trend for the stock is up, we interpret this consolidation as a time-wise correction within an uptrend. As the prices have given a breakout on Friday along with decent volumes and a bullish momentum reading, we expect the stock to resume its broader uptrend. One can buy this stock at current levels for a target of Rs 1,365 over the next 5-10 sessions. The stop loss should be fixed at Rs 1,240."
Hindustan Unilever, incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 2,76,761.05 Crore) operating in Personal Care sector.
The company’s top management includes Dr.Sanjiv Misra, Mr.Aditya Narayan, Mr.Dev Bajpai, Mr.Harish Manwani, Mr.O P Bhatt, Mr.Pradeep Banerjee, Mr.S Ramadorai, Mr.Sanjiv Mehta, Ms.Kalpana Morparia.
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Company has BSR & Co. LLP as its auditors.
As on 30-09-2017, the company has a total of 2,164,478,571 shares outstanding.
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