HUL may settle around Rs 475, says Baliga

HUL may settle around Rs 475, says Ambareesh Baliga, Managing Partner- Global Wealth Management at Edelweiss Financial Services.

Baliga told CNBC-TV18, “Hindustan Unilever (HUL) numbers were much better than what most of us expected but then clearly the market would not really like this sort of volatility in earnings from the leaders. So possibly after this knee-jerk reaction which we have seen today HUL should settle closer to about Rs 475 over a period of time.”

On April 29, Hindustan Unilever (HUL) closed at Rs 497.60, up Rs 32.45, or 6.98 percent. It has touched an intraday high of Rs 499.80 and an intraday low of Rs 457.90.

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Monday, April 29th, 2013 EN

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