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Saturday, March 25, 2023

United Spirits share price: Buy United Spirits, target price Rs 775

IIFL has buy call on with a target price of Rs 775. The current market price of United Spirits Ltd. is Rs 736.5.Time period given by analyst is Intra Day when United Spirits Ltd. price can reach defined target. United Spirits Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 53458.81 Crore) operating in Beverages – Alcoholic sector.

For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1729.50 Crore, down -22.62 % from last quarter Total Income of Rs 2235.00 Crore and up 66.76 % from last year same quarter Total Income of Rs 1037.10 Crore. Company has reported net profit after tax of Rs 50.30 Crore in latest quarter.

Investment Rationale
Stock has given a flag pattern breakout on the daily chart

Promoter/FII Holdings
Promoters held 56.8 per cent stake in the company as of Dec 30, 2020, while FIIs held 19 per cent, DIIs 9.8 per cent and public and others 14.5 per cent.

The above news was originally posted on economictimes.indiatimes.com


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Maintain ADD on United Spirits - In-line volume; mix impacts margin

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