{"id":27578,"date":"2022-03-05T20:04:50","date_gmt":"2022-03-05T14:34:50","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=27578"},"modified":"2022-03-05T20:06:45","modified_gmt":"2022-03-05T14:36:45","slug":"market-correction-2-blue-chip-stocks-for-coffee-can-investing","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/market-correction-2-blue-chip-stocks-for-coffee-can-investing\/","title":{"rendered":"Market Correction: 2 Blue Chip Stocks for Coffee Can Investing"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1918025414\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The Indian Stock market has slumped over 11.37% in 2022 amid the Russia-Ukraine Crisis and global FII sell-offs. This has given equity investors opportunities to enter into select top stocks that are currently trading at discount.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3003641687\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Buying the stocks and holding them forever, also known as the Coffee can investing approach, can be extremely profitable for the long-term investors, especially when they are able to buy good businesses at a low share price.&nbsp;<\/p><p>Here are two Blue Chip stocks that have corrected significantly during the ongoing market correction.&nbsp;<\/p><p><strong>Hindustan Unilever<\/strong><\/p><div class=\"trade-content_5\" id=\"trade-3940130088\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Hindustan Unilever Ltd operates as the market leader in the FMCG sector focused on household and personal care products. It is a large cap stock with a market cap of Rs 474,593 Cr.<\/p><p>The stocks are currently trading at Rs 2,019.50, with a TTM PE of 54.17. HUL recently touched the 52-week low of Rs 975.25 and has tanked over 12% within a month.&nbsp;It has a 52-week high of Rs 2,859.30.<\/p><p>In the FY2022 Q3 quarter, HUL posted a 16.76% rise in standalone net profit to \u20b92,243 crores.<\/p><p>In Feb 2022, HUL hiked the prices of its products by anywhere between 3% to 13% in multiple tranches in February 2022. They had to do this due to a constant rise in raw material costs due to an increase in crude oil prices that impact transport, logistics as well as material costs.<\/p><p>As per a report dated <strong>January 20, 2022<\/strong>, Prabhudas Lilladher has given a \u2018buy\u2019 rating on the stock with a target price of \u20b92,900.&nbsp;<\/p><p>ICICI Securities has also given a buy call on Hindustan Unilever with a target price of \u20b92,500 in Jan-end 2022. The time period given by the analyst is one year.<\/p><div class=\"trade-content-10\" id=\"trade-3621202670\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>HDFC Bank<\/strong><\/p><p>HDFC bank is a leader in the Private Banking sector. It is a large cap stock with a market cap of Rs 757,610.16 Cr.&nbsp;<\/p><p>The stocks are currently trading at Rs 1,366.50, with a TTM PE of 21.02. HDFC Bank has a 52-week low of Rs 1,336.90 and a 52-week high of Rs 1,725.00. The stock has tanked over 10% within a month.<\/p><p>As per a report dated <strong>January 22, 2022<\/strong>, Geojit BNP Paribas has given a \u2018buy\u2019 rating on the stock with a target price of \u20b91,902.<\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><em>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/em><\/p><div class=\"trade-after-content\" id=\"trade-3644451826\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The Indian Stock market has slumped over 11.37% in 2022 amid the Russia-Ukraine Crisis and global FII sell-offs. This has given equity investors opportunities to enter into select top stocks that are currently trading at discount.&nbsp; Buying the stocks and holding them forever, also known as the Coffee can investing approach, can be extremely profitable [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513],"tags":[2854,2855,2856],"class_list":["post-27578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","tag-blue-chip-stock","tag-long-term-stocks","tag-market-correction-stocks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Market Correction: 2 Blue Chip Stocks for Coffee Can Investing - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/market-correction-2-blue-chip-stocks-for-coffee-can-investing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Correction: 2 Blue Chip Stocks for Coffee Can Investing\" \/>\n<meta property=\"og:description\" content=\"The Indian Stock market has slumped over 11.37% in 2022 amid the Russia-Ukraine Crisis and global FII sell-offs. 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