Hindustan Unilever has been seeing some robust volumes on its counter for the past couple of days. Today too, there is good volume and the stock price is up over 3% at Rs.799.20, just a tad away from its intra day high of Rs.800. Its 52-week high is at Rs.828.75.

The stock is after FII, Deutsche Bank upgraded the stock to “buy” from a “hold”. It also raised the target price to Rs.900 from Rs.700. It has turned optimistic as it expects the company’s investment in distribution channels, low-unit packs and fall in raw material costs will help margins. Also, in the current global atmosphere of turmoil and uncertainty, it expects HUL to emerge as a ‘risk aversion’ stock. It expects Q3 to be weak yet, recommends that time as a good opportunity to buy.