Associated Alcohols & Breweries: The brokerage has issued a ‘Buy’ call with a target price of Rs 1,300, implying an impressive upside of 36.1 per cent.
The brokerage expects a largely stable input-cost environment to support margins, while strong sales and operating leverage could drive expansion for select players.
Shares of United Spirits inched higher on Wednesday after it shared its clarification over media reports regarding stake sale of its cricket franchise Royal Challengers Bengaluru.
An analyst from YES Securities said that Vedanta has confirmed a significant technical breakout, signaling a potential reversal in its price trajectory, moving above a multi-month falling trendline.
Elara Securities said the entry-level Scotch (1 litre Red Label) is sold in various states at a premium of 31 per cent over the corresponding duty-free price.
United Spirits, United Breweries, Pidilite and Hindustan Unilever (HUL) are Nuvama's top picks. Also Britannia Industries, ITC and Nestle India look good from a one-year perspective, the brokerage said.
An analyst from Master Capital said that BPCL are now witnessing a sign of a potential rebound after witnessing a correctional fall of around 25 per cent from its all-time high.
Stocks in focus today: Share market today would react to the weekly option expiry and results of index heavyweight Infosys and HUL. Fortis Healthcare, Reliance Industries, HCL Technologies, TCS, and MRF are among the stocks to watch on Thursday, July 20, 2023.
Stocks to buy today: Domestic benchmark equity indices snapped their two-day winning streak on Tuesday and settled lower. Coal India, Exide Industries, United Spirits among stocks to buy on Wednesday, May 17, 2023.
United Spirits is India’s biggest alcoholic beverage company. Its operations span from manufacturing Indian Made Foreign Liquor across all price points, from the popular segment to the prestige and above division.
SBI Cards & Payment Services, United Spirits, Macro Developers, CG Power & Industrial Solutions, Indus Towers, HDFC AMC and UCO Bank would be among companies that will declare their December quarter results today.
India’s Biggest Change Is Youth Self-Confidence, Says Union Minister Piyush Goyal




