Buy United Spirits, target price Rs 940: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on United Spirits Ltd. with a target price of Rs 940. The current market price of United Spirits Ltd. is Rs 897.8.

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 65270.32 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 30-09-2021, the company reported a Consolidated Total Income of Rs 2511.40 Crore, up 45.21 % from last quarter Total Income of Rs 1729.50 Crore and up 13.79 % from last year same quarter Total Income of Rs 2207.00 Crore. Company reported net profit after tax of Rs 286.40 Crore in latest quarter.

Investment Rationale
Turning from its support zones on weekly frame and a small triangle breakout on lower time scale.

Promoter/FII Holdings
Promoters held 56.73 per cent stake in the company as of 30-Sep-2021, while FIIs owned 19.08 per cent, DIIs 9.65 per cent.