Hindustan Unilever Intraday Buy Call

Hindustan Unilever Intraday Buy CallTechnical analyst Salil Sharma has maintained 'buy' rating on Hindustan Unilever Limited with a target of Rs 318.

According to analyst, the investors can buy the stock with a stop loss of Rs 305.

The stock of the company, on January 11, closed at Rs 309 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 329.45 and a low of Rs 219 on BSE.

Current EPS & P/E ratio stood at 9.31 and 32.90 respectively.

Hindustan Unilever will shortly introduce bread spread containing high nutritional fat levels as part of its plan to fortify its jinxed food collection in 2011 with a range of novel products.

The fat spread, named Astra Gold, guarantees to provide three times more crucial fats with vitamins A, D, E, which will assist children's growth.

India's biggest consumer products manufacturer will concentrate on firing up its basket of food brands in the existing year to bring the share of food biz in its income nearer to parent Unilever's levels.

Company's beverages, foods and ice creams businesses make around 18% of its Rs 17,524-crore proceeds, whereas Unilever makes around 50% of its $10.1-billion proceeds from foods.

Projections are more prominent at the moment. With current trade taking off, Indian clients are now keen to research and spend on convenience foods.