Hot Chips - United Spirits
Jayashree / 30 Mar 2009
United Spirits, the flagship spirits firm of the UB Group, is among the top three spirits companies in the world, with exports to over 18 countries. The company in the Q3FY09 has been able to put up decent performance.
BSE Code: 532432
Volume: 1644030
CMP: 685.60
United Spirits, the flagship spirits firm of the UB Group, is among the top three spirits companies in the world, with exports to over 18 countries. The company in the Q3FY09 has been able to put up decent performance. As per an institutional report, the company in the Q4 is expected to do well on account of the company’s initiatives during the same period. And in the same report, they have given a medium-term buy on the counter with a price target of Rs 700. Of late, the counter has been in the thick of action and has recorded huge volumes on the bourses. Consequently, in the last one month period, the market price of the scrip has moved up roughly by 17 per cent. Currently, in the futures and options space, the counter has witnessed decent addition in the open interest as well as price. This indicates that there is the fresh long buildup in the counter. Thus, high risk investors can buy the scrip with a short to medium-term perspective to earn decent returns.
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