CLSA has initiated coverage on United Spirits (UNSP) with a Hold rating and a target price of ₹1,238, implying a downside of approximately 5.7% from the current market price of ₹1,313.10.
The brokerage acknowledged the company’s strong positioning, supported by its premium “prestige-and-above” portfolio and access to globally renowned Diageo brands. However, CLSA flagged that near-term growth may be capped due to policy changes, even as the long-term outlook remains positive.
At a 54x one-year forward price-to-earnings multiple, CLSA considers the stock’s current valuation to be demanding, limiting scope for upside in the short term.
Disclaimer: This article is based on CLSA’s brokerage report and does not constitute investment advice. Please consult a certified financial advisor before making any investment decisions.
