If you have patience and time for 1 - 2 years, HUL is unmatchable as a BUY. Besides this, ITC is also through golden opportunity for buy and hold for longer period of time. Both the stock would mint lot of money. Multiple return in the shape of bonus though appreciation will be moderate but consistent.
Please buy both the stocks with SIP (Sysematic Investment Plan) especially on each fall though going forward - with improvement in the market sentiments market will move forward.