Investors with 3-year view can buy United Spirits: Prashasta Seth

In a chat with ET Now, Prashasta Seth, Senior Fund Manager, IIFL Wealth, shares his views on United Spirits. Excerpts:

ET Now: What is your view among the consumption stocks?

Prashasta Seth: United Spirits is one stock that we like with a three-year view as it will be difficult to justify from a short-term perspective.

Over a 3-5 year period, there will be a structural change that would happen because of Diageo coming in. Hence, investors with a 3-year view can look to buy this stock at dips.