If Karnataka order row persists, then book profits in United Spirits: KR Choksey Securities

In a chat with ET Now, Deven Choksey, MD, KR Choksey Securities, shares his views on United Spirits. Excerpt:

ET Now: What is your view about United Spirits? Would the Karnataka HC order be a big overhang on the stock?

Deven Choksey: Yes; whenever we have seen the uncertainties coming in, they drag the market mood sentiments and the actions of the players.

I am not sure as to how it is going to be its direction but if this particular order is around, we are likely to see a drag for longer period of time.

Hence, as far as the market actions are concerned, one should safely book profits; if one has been lucky in buying these stocks earlier, then probably take money off the table and invest somewhere else.