Karvy Stock Broking Limited has maintained 'Buy' rating on Hindustan Unilever Ltd stock to achieve a target of Rs 295 in 2-3 trading sessions.

According to Karvy, interested traders can buy the stock between Rs 277-279 with a strict stop loss of Rs 270.

The shares of the company on Friday, (Oct 23), closed at Rs 280.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 306 and a low of Rs 185 on BSE. Current EPS and P/E of the stock stood at 9.63 & 29.04 respectively.

Hindustan Unilever Limited is the country's biggest consumer products company, which was formed in 1933 as Lever Brothers India Ltd and came into being in 1956 as Hindustan Lever Ltd via combination of Lever Brothers, Hindustan Vanaspati Mfg Ltd. and United Traders Ltd.

Headquartered in Mumbai, HUL has more than 15,000 employees and contributes for indirect employment of more than 52,000 people. It was renamed in late June 2007 to "Hindustan Unilever Limited".

HUL distribution covers up over 1 million retails outlets across the country directly and its products are available in more than 6.3 million outlets in India. The company has 39 factories in India.

The Anglo-Dutch company Unilever holds an equity stake (52%) in HUL, which was one of 8 Indian companies to be listed on the Forbes list of World's Most Reputed companies in 2007.