Buy United Spirits, target Rs 635: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has a buy call on United Spirits Ltd. with a target price of Rs 635. The current market price of United Spirits Ltd. is Rs 605.95. Time period given by the analyst is Intra Day when United Spirits Ltd. price can reach the defined target. Chandan Taparia recommended to keep stoploss at Rs 590. United Spirits Ltd., incorporated in 1999, has a market cap of Rs 44030.67 crore.
United Spirits Ltd. key Products/Revenue Segments include Beverages (Alcohol) which contributed Rs 25871.50 Crore to Sales Value (99.24 % of Total Sales), Income From Franchise which contributed Rs 154.40 Crore to Sales Value (0.59 % of Total Sales), Scrap which contributed Rs 31.90 Crore to Sales Value (0.12 % of Total Sales) and Other Operating Revenue which contributed Rs 11.30 Crore to Sales Value (0.04 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 2433.10 Crore, up 4.99 % from last quarter Sales of Rs 2317.50 Crore and up 7.15 % from last year same quarter Sales of Rs 2270.70 Crore Company has reported net profit after tax of Rs 182.30 Crore in latest quarter. The company’s top management includes Dr.(Mrs.)Indu Shahani, Mr.Anand Kripalu, Mr.D Sivanandhan, Mr.John Thomas Kennedy, Mr.Mahendra Kumar Sharma, Mr.Rajeev Gupta, Mr.Randall David Ingber, Mr.Sanjeev Churiwala, Mr.V K Viswanathan, Mr.Vinod Rao. Company has Price Waterhouse & Co Chartered Accountants LLP as its auditoRs As on 30-06-2019, the company has a total of 726,638,715 shares outstanding.