Wait and Watch for United Spirits: Gaurang Shah, Geojit BNP Paribas Financial
"If you have a little bit of metal, then you can definitely go and venture into buying United Spirits. But you need to keep a strict stop loss over there."
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| Updated: In a chat with ET Now, Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services, shares his views about various stocks.
ET Now: What is the call on United Spirits?
Gaurang Shah: It has always been difficult to trade into Mallya Group Companies. Honestly speaking, there is so much of news flows that you tend to get trapped. So, if you have a little bit of metal, then you can definitely go and venture into buying United Spirits which has corrected from Rs 2000 levels to current about Rs 1740 or Rs 1760 levels. But you need to keep a strict stop loss over there.
ET Now: What is the call on United Spirits?
Gaurang Shah: It has always been difficult to trade into Mallya Group Companies. Honestly speaking, there is so much of news flows that you tend to get trapped. So, if you have a little bit of metal, then you can definitely go and venture into buying United Spirits which has corrected from Rs 2000 levels to current about Rs 1740 or Rs 1760 levels. But you need to keep a strict stop loss over there.
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