According to Gautam Sinha Roy of Motilal Oswal Securities, one may buy United Spirits, which should give good returns in next one year.
Gautam Sinha Roy of Motilal Oswal Securities told CNBC-TV18, " United Spirits has been positive for a long time and there is a lot if support from the factor that there is a ready and willing buyer who wants to acquire the company and take a majority stake. Only 25 percent has been acquired or the stake is only 25 percent till now. Also there is a expectation of long term restructuring and rerating of the business per se with profitability expected to improve significantly."
"So, that is one bet that I would be willing to take from a buy perspective. However, one might have to be patient there, it might not necessarily give very good results in the next week. For one year holder, United Spirits should give good returns, he added.
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Market technically overbought; paper supply to weigh: Dutt