Up around 1.25x from its low in March 2020, at the current price of $59 per share, we believe Unilever stock (NYSE: UL) has further upside potential. The stock has risen from $47 to $59 off its March 2020 low, much less than the S&P which increased by around 80% from its low. Further, the stock is..
BUY HIND UNILEVER | CMP: Rs 2,269.50 | Target: Rs 2,450-2,480 | Stop Loss: Rs 2,170 The stock has corrected well from the peak made near 2,445 and has shown signs of bottoming out near 2,220 level with a momentum pick up expected going-forward. The RSI has also indicated a trend reversal near the oversold zone to signal a buy and is well placed for an upward move. We suggest to buy and accumulate this stock for an upside target of 2,420-2,450, keeping the stop loss of 2,170.
BUY UNITED SPIRITS | CMP: Rs 580.70 | Target: Rs 650-670 | Stop Loss: Rs 550 The stock has recently given a decent correction from the peak of 661 and has taken support near the 200-DMA level of 568 and also has the trend-line support base.