McDowell - On high spirits
United Spirits Ltd., also known as McDowell on NSE, is the largest spirit maker in the world, is talk of the market nowadays, on hopes of stake sale by the Promoters, of their 27% stake in the company, to Diageo, at or about Rs.1,500 per share. Share has moved to Rs.1,100, its 52 week high on this news.
We said so, which can be seen in Stock Recommendation archives, having recommended the stock at Rs.528 on 6th January 2012. Apart from this, our call was also of stake sale by UB Group, for the last 3 months, which were aired and expressed by us, over hundred times.
Intent of writing this piece is that, if you have conviction on any stock, idea can work in your favour, more as an investor and not as a trader. Other ideas having worked in 2012 were Wockhardt, UB Holdings, SKS Micro to name a few. So, short advise is, trade less and be an investor with conviction!