Accumulate ITC and Hindustan Unilever

Hindustan Unilever Limited

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For the past one week or so, the delivery volume of ITC and Hindustan Unilever was unusually very high. Charts indicate positive momentum. Strong buy for medium term.

Our call on Indian telecom companies proved to be correct. Market slaughtered these companies. But today a leaked information may arrest the further fall. Soon we may receive buy calls from analysts. But in short to medium term, we are very negative on Indian telecom players.

We could not comprehend why Citi Group is slowly selling it’s stake in Polaris. Though we are positive on both Polaris and 3iInfotech, Management of Polaris should share it’s view and likely implication of this stake sale.      

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