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Buy United Spirits; target of Rs 770: ICICI Direct

Buy United Spirits; target of Rs 770: ICICI Direct
July 28
11:24 2021

ICICI Direct is bullish on United Spirits has recommended buy rating on the stock with a target price of Rs 770 in its research report dated July 26, 2021.

Broker Research

July 28, 2021 / 10:09 AM IST

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ICICI Direct’s research report on United Spirits

United Spirits (USL) is India’s leading alcoholic beverage company and subsidiary of global leader Diageo plc. It manufactures, sells premium liquor brands such as Johnnie Walker, Black Dog, Black & White, Vat 69, Antiquity, Signature, Royal Challenge, McDowell’s No 1, Smirnoff and Captain Morgan.

Outlook

Prestige and above segment forms 67% of its revenues It aims to grow its revenues in double digits and expects its operating margin to remain in mid to high-teen levels in the medium term

For all recommendations report, click here

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