United Breweries Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 34313.18 Crore) operating in Beverages – Alcoholic sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1556.30 Crore, up 20.11 % from last quarter Total Income of Rs 1295.77 Crore and up 9.15 % from last year same quarter Total Income of Rs 1425.87 Crore. Company reported net profit after tax of Rs 97.53 Crore in latest quarter.
Investment Rationale
The stock is on the verge of a breakout from a Cup and Handle pattern neckline placed at Rs 1,320. A successful breakout will resume the uptrend, taking the stock higher to levels of Rs 1,440. RSI is also suggesting bullishness.
Promoter/FII Holdings
Promoters held 57.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 10.7 per cent, DIIs 8.9 per cent and public and others 22.7 per cent.
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