Avoid getting into HUL as of now: Neeraj Deewan

In a chat with ET Now,NeerajDeewan, Director, Quantum Securities,shares his views on HUL.
ET Now: Do you think the target of 900 for HUL is pretty much in line and there is more momentum left?

Neeraj Deewan: We had been bullish on HUL and feel that this kind of target is achievable but it will take time. It is trading at a very rich valuations so if someone is holding on to HUL maybe you can hold on till the momentum is strong but I will not recommend someone to get into it at this price and because the run up has been really fast and this stock needs to get some consolidation at around these levels before it starts another up move.