IIFL has buy call on United Breweries with a target price of Rs 1375. The current market price of United Breweries Ltd. is Rs 1298.65.
United Breweries Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 34407.04 Crore) operating in Beverages – Alcoholic sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 899.90 Crore, down 28.74 % from last quarter Sales of Rs 1262.82 Crore and down 43.03 % from last year same quarter Sales of Rs 1579.55 Crore. Company reported net profit after tax of Rs 3.61 Crore in latest quarter.
Investment Rationale
Stock has given a flag pattern breakout on the daily chart.
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.
