Buy United Breweries Ltd, target Rs 860.0 : Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on United Breweries Ltd. with a target price of Rs 860.0 . The current market price of United Breweries Ltd. is Rs 848.35 Time period given by analyst is Intra Day when United Breweries Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 840
United Breweries Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 22430.81 Crore) operating in Beverages - Alcoholic sector.

United Breweries Ltd. key Products/Revenue Segments include Beer which contributed Rs 9938.95 Crore to Sales Value (97.17 % of Total Sales), Other Operating Revenue which contributed Rs 216.39 Crore to Sales Value (2.11 % of Total Sales), Malt which contributed Rs 65.31 Crore to Sales Value (0.63 % of Total Sales) and Royalty Income which contributed Rs 7.51 Crore to Sales Value (0.07 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 1674.21 Crore, up 50.46 % from last quarter Sales of Rs 1112.70 Crore and up 12.69 % from last year same quarter Sales of Rs 1485.67 Crore Company has reported net profit after tax of Rs 161.89 Crore in latest quarter. The company’s top management includes Mr.A K Ravi Nedungadi, Mr.Chhaganlal Jain, Mr.Chugh Yoginder Pal, Mr.Frans Erik Eusman, Mr.Madhav Bhatkuly, Mr.Shekhar Ramamurthy, Mr.Sijbe Hiemstra, Mr.Stephan Gerlich, Mr.Steven Bosch, Mr.Sunil Kumar Alagh, Ms.Kiran Mazumdar Shaw. Company has S R Batliboi & Associates LLP as its auditoRs As on 30-06-2017, the company has a total of 264,405,149 shares outstanding.