Karvy Stock Broking Limited has maintained ‘Buy’ rating on Hindustan Unilever Limited (HUL) stock to achieve an intra-day of Rs 250.

According to Karvy, day traders can buy the stock between Rs 241-242 with a stop loss of Rs 238.

Shares of the company, on Tuesday (April 21), closed at Rs 242.10 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 9.64 and 25.19 respectively. The share price has seen a 52-week high of Rs 271 and a low of Rs 185 on BSE.

According to reports, the stock has been trading between the range of Rs245-228 from March 2009 on the daily chart.

The stock price is standing around its 100-DMA, presently placed at Rs 245.

“Any move past it accompanied with volumes could take the stock towards the levels of Rs 250 and above in the near term,” the report said.

The daily momentum indicators like RSI and MACD are showing optimistic deviations.

HUL executed price cut of 4%-20% on select brands and product families. The price cuts are either directly or indirectly through weight changes.

The total combined price cut is about 1.2%. This translates into net cost reduction of Rs 5,301 million as against Rs 7,637 million earlier and extra EBITDA margin of 2.9% against 4.1% earlier.

The recent price cut on select brands was in proportion to expectation.