Buy HUL With Stop Loss Of Rs 272

Buy HUL With Stop Loss Of Rs 272Technical analyst Shardul Kulkarni of Angel Broking has maintained 'buy' rating on Hindustan Unilever Limited stock with a target of Rs 288-290.

The analyst said that the investors can buy the stock with a stop loss of Rs 272.

The shares of the company, on April 19, closed at Rs 276.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 329.45 and a low of Rs 225 on BSE.

Current EPS & P/E ratio stood at 9.16 and 30.48 respectively.

HUL and PepsiCo are revivifying their 7-year-old JV to sell ready-to-drink teas and tea drinkables by launching Lipton ice tea again.

Lipton tea will be introduced in ready-to-drink bottles by the coming week in the national capital and the NCR region.

PepsiCo Executive Director, Innovation, Geetu Verma stated that the new ready-to-drink teas will be marketed in two different flavors for 25 each and be brought to other cities in the coming time.

The move is in proportion to the cola competitors PepsiCo and Coca-Cola's effort to broadbase their collections with speedily developing functional beverages including fortified juices, teas, vitamin water and milk-based drinkables, as consumers start favoring healthier beverages as compared to aerated drinks.

"The concept was ahead of its time. Consumer insights told us there was a gap between intent and action when it came to consumption of health beverages," Verma said. "But that's changing and there's increasing consumer readiness for such products. Ice tea is a niche but growing category," Geetu Verma said.

Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate