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01 October, 2014 21:45 IST
News
United Spirits falls as UBS downgrades stock post sharp run up
Source: IRIS (16-NOV-12)
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United Spirits, engaged in manufacturing of beverage alcohol, fell on Friday after the global investment bank UBS has downgraded the company to 'sell' from 'neutral' with a target price of Rs 1,800.

The downgrade comes after a sharp run up in the stock following the announcement of a USD 2.1 billion deal with UK based spirits major Diageo last week.

Shares of the company are trading at Rs 1,808, down Rs 42.65, or 2.30% at the Bombay Stock Exchange (BSE) on Friday at 9:48 a.m.

The scrip has touched an intra-day high of Rs 1,871.80 and low of Rs 1,801.15. The total volume of shares traded at the BSE is 212,076.

In the earlier session, the shares gained 2.44%, or Rs 44, at Rs 1,850.65. Currently, the stock is trading down 7.47% from its 52-week high of Rs 1,954 and above 301.78% over the 52-week low of Rs 450.



Share Price Movement
Period Price
in Rs
Gain/(Loss)
in Rs in %
1 Week 1,359.70 490.95 36.11
1 Month 1,285.15 565.50 44.00
3 Months 922.25 928.40 100.67
6 Months 638.80 1,211.85 189.71
1 Year 780.00 1,070.65 137.26
Note: Based on previous day closing price.


United Spirits Limited   (Q,N,C,F)*


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* Q - Quote , N - News , C - Chart , F - Financials
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By: S P TULSI | 16 November 2012 Reply | Forward | Report Abuse 
sell united sprits for a tgt of 1560 in 3-4 sasation *
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