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Friday, July 1, 2022
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United Spirits share price: Buy United Spirits, target price Rs 785: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has buy call on Ltd. with a target price of Rs 785. The current market price of United Spirits Ltd. is Rs 756.6.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 54712.26 Crore) operating in Beverages – Alcoholic sector.

Financials
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 reported net profit after tax of Rs 50.30 Crore in latest quarter.

Investment Rationale
Higher highs from the last six sessions and trending upwards on weekly frame

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.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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

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