United Breweries ends 6% up, hits 2 year high


Kingfisher brand beermaker United Breweries hit a 2 year high during the day and ended nearly 6% up, ahead of its Jul-Sep results due to be reported on Nov 8, and management comments that Oct-Mar results will be better.

A senior official of the company said that the worst is over for the company as impact of demonetisation has receded and impact of highway ban was mitigated with many liquor outlets reopening post the Supreme Court's clarification.

The stock has risen 33% so far in 2017.
United Breweries Ltd is currently trading at Rs 1042.7, up by Rs 54.95 or 5.56% from its previous closing of Rs 987.75 on the BSE.
The scrip opened at Rs 987 and has touched a high and low of Rs 1062 and Rs 982.6 respectively. So far 1922018(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 26116.11 crore.

United Breweries (UBL) is engaged in the business of manufacture, purchase and sale of beer. The company has network of 21 own breweries and 8 contract breweries across the country. Its flagship brands are Kingfisher Beer and London Pilsner.










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