Stay away from United Spirits: Dutta

Devangshu Dutta, Consulting Editor of Outlook feels that, one should not get into United Spirits, as the stock is massively volatile.

Dutta told CNBC-TV18, "United Spirits is one of those stocks which is massively volatile. Sentiment changes and the volumes are always pretty high and sentiment seems to change on a minute to minute basis. One is talking about a fair amount of risk involved but purely on the basis of higher highs one has an uptrend. I would personally not get into the stock because I am not very sure where I would be able to get out if sentiment turned. " The company's trailing 12-month (TTM) EPS was at Rs 21.01 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 109.14. The latest book value of the company is Rs 449.44 per share. At current value, the price-to-book value of the company was 5.1. The dividend yield of the company was 0.11 percent.