InvestorQ : HUL has corrected much from Last quarter result, also last quarter result was good... please let me is it right time accumulate in the CMP for 1 year perspective. ?
Adarsha made post

HUL has corrected much from Last quarter result, also last quarter result was good... please let me is it right time accumulate in the CMP for 1 year perspective. ?

Answer
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Anu Biswas answered.
3 weeks ago


The stock has corrected because the valuations for the stock were quite rich. In addition, the market researchers have raised some serious questions over the future growth in volumes, and the lag effect of the lockdown is likely to persist for some more time.

However, if you are looking at a slightly longer term perspective of 2-3 years then the stock still looks all set to hold on as it gives the best proxy for the India growth story and the consumption expansion story. One can trade the stock for 10-15% upsides.