Don't have a buy rating on United Spirits: Ajay Srivastava, Dimensions Consulting

In a chat with ET Now, Ajay Srivastava, Dimensions Consulting, shares his views on United Spirits Limited.

ET Now: What is your take on United Spirits? Is there more headroom in the stock?

Ajay Srivastava: No. At Rs 1550, we asked to 'buy' but now we are saying 'avoid' because at Rs 1850 you are kind of topped up till the deal goes through. You may lose another 50 bucks but yes, if the deal goes through and the stock price is Rs 1800 then again it is a time to enter. But, I think that the big flip has already happened and now you have to wait for the deal closure. If we get the entry price at Rs 1800 post Diageo takeover then it is still worth getting into. But till the deal closes now at Rs 1880, I do not think that it is a buy anymore at Rs 1850.