We remain cautious on midcap IT; prefer auto ancillaries: Sudip Bandyopadhyay

“If you have a one year plus time horizon, one can enter HUL NSE 0.72 % even at current levels. Two things are going to happen – one is definitely consumption to improve post the monsoon and good harvest. Second, the benefit of the GSK portfolio acquisition will play out fully by Q3, Q4 and should give another leg up for HUL,” says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital.