Shares of United Spirits (UNITDSPR) fell by 4.13% to ₹1,576.70 in early trading after Macquarie reiterated its ‘Underperform’ rating on the stock with a target price of ₹1,100. The stock opened at ₹1,611.00, reached a high of ₹1,611.00, and a low of ₹1,575.00.
Macquarie expects flat demand trends and muted volume growth in Q2, with projected sales growth of 5% and EBITDA growth of 6%. Additionally, the brokerage anticipates that prestige volumes will remain flat year-on-year, although strength in the luxury segment is expected to aid realisations.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
