Yes. At some price, it would make sense to buy HUL instead of making 3 year or 5 year FD for fixed inxome portion of one's asset allocation.
In fact, I know couple of retirees who treat dividends of HUL like inflation adjusted pension.
Also, being less volatile and mostly range bound, HUL is good stock for writing covered call. Idea is to buy one lot of HUL after a good correction and write out of money call such that one can pocket 1-1/2% to 2% premium per month. If call does not get exercised, same can be repeated month after month. If call gets exercised, sell HUL and pocket the difference as well.