See liquor stocks performing well fundamentally: Deepak Shenoy

In a chat with ET Now, Deepak Shenoy, Founder, Capital Mind shares his view on United Spirits:

ET Now: Does United Spirits interest you at all?

Deepak Shenoy: Liquor stocks are always mostly about corporate governance to me, more than anything else, because they make money.

In India, we have largely had concerns that these are small operators or there are people who will siphon away money. So with United Spirits, that overtime might go away with the Diageo management and therefore, it might get more richly priced but as a sector, it will always be in the limelight. Even prohibitions aside, you will still see these stocks being very good fundamentally. I do not see that as a problem. The problem is the earnings come to shareholders or not.