Neutral on United Spirits, wait for management change: Harendra Kumar, Elara Capital

In a chat with ET Now, Harendra Kumar of Elara Capital, shares his views on United Spirits.

ET Now: Just want to get your views on United Spirits and at the price level of 1343, does it seem like the deal closure which media reports indicate is anytime now is in the price or do you think there is further headroom in the stock to be made?

Harendra Kumar: Once the management changes there, we have seen a lot of sell flow as well on this counter. So our view would be that the investors are doing some amount of profit taking before they get to know the new strategy of the new management.