United Spirits can be avoided at current levels: TS Anantakrishnan

ET Now talked to TS Anantakrishnan, Head, Prime Wealth Management, on his views on the United Spirits stock.

ET Now: Talking about the United Spirits, the consumption boom that could come about as a result of the higher disposable income, it could spllover to the alcohol space as well. United Spirits has been steadying around these levels but without getting into that fundamentally, do you think there is a case for buying into the stock?

TS Anantakrishnan: I am not really sure not at these levels because one of the issues with United Spirits has been it has been more of a momentum play with several triggers.

So, given the ramp up in the stock at this point, probably I would not be an investor. There are better plays to play the domestic consumption themes. Though United Spirits, in my view, is a very good domestic consumption theme but not at this level as I would avoid or start taking profits at this point.