Buy This Beverages Sector Stock For Target Price Of Rs 940: ICICI Securities

ICICI Securities has given buy rating to the Beverages sector stock United Spirits Ltd for a target price of Rs 940 with a potential gain of 8%. It is the largest spirits company in India and a flagship entity of UB group. Check key takeaways below:

United Spirits Ltd Stock Outlook

The current market price of the stock is Rs 870 apiece with an intraday gain of 2.29%. According to ICICI Securities, if you invest in this stock at its current market price, it is showing a surge with a target price of Rs 940 and potential gain of 8%.

United Spirits Ltd Market Capitalisation

The company has a market capitalisation of Rs 63,257.53 crore.

United Spirits Ltd 52-Week High/Low

The stock's 52-week high is Rs 1019 apiece and 52-week low is Rs 712 apiece, respectively.

United Spirits Ltd 5-Years Return

The stock has given a return of 65% in the last 5 years, 39% in last 3 years, and 18% in last 1 year.

United Spirits Ltd Quarterly Result

The company for the quarter ended June 30, 2022 has declared a consolidated total income of Rs 2,445.30 crore, down 4.46 % from last quarter total income of Rs 2,559.50 crore. It declared a net profit after tax of Rs 261.40 crore in latest quarter.

United Spirits Ltd About

The company is engaged in the production of scotch, whisky, wines, vodka, rum, and brandy. Its principal brands include Dalmore, Jura, Whyte & Mackay, Black Dog, Antiquity, Signature, Royal Challenge, McDowell No. 1, Celebration Rum, Bouvet Ladubay, Pinky, Romanov, White Mischief, and Four Seasons.

The company, formerly known as McDowell & Co. Ltd., was founded in 1826 and is headquartered in Bangalore.

Disclaimer

The stock has been picked from the brokerage report of ICICI Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.