Cautious on Hindustan Unilever, says Neeraj Dewan

Neeraj Deewan of Quantum Securities told CNBC-TV18, "We have been a little cautious on Hindustan Unilever (HUL) when it went close to Rs 1,000 and now also, I feel that this quarter will not have any surprises. The volume growth will not be significant for it again close to its highs. So, one needs to still be under-invested in something like HUL where I feel still that valuation comfort will come only at lower level.""Whenever it comes close to a trading band, you might get some trading bounce-backs. But as far as investments are concerned, I do not think the levels have still come," he said.