Buy United Spirits, target price Rs 920: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on United Spirits with a target price of Rs 920. The current market price of United Spirits Ltd. is Rs 879.95. Time period given by analyst is Intra Day when United Spirits Ltd. price can reach defined target.

United Spirits Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 61368.27 Crore) operating in Beverages - Alcoholic sector.

United Spirits Ltd. key Products/Revenue Segments include Beverages (Alcohol), Income From Franchise, Scrap and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 2947.50 Crore, up 17.36 % from last quarter Total Income of Rs 2511.40 Crore and up 9.50 % from last year same quarter Total Income of Rs 2691.80 Crore. Company reported net profit after tax of Rs 295.30 Crore in latest quarter.

Investment Rationale
Price volume breakout on weekly frame and negate its lower highs of the last four weeks

Promoter/FII Holdings
Promoters held 56.73 per cent stake in the company as of 31-Dec-2021, while FIIs owned 17.94 per cent, DIIs 10.41 per cent.