India's United Breweries hits record high

United Spirits

10/06/2024 09:27

** Shares of beer maker United Breweries  UBBW.NS  rise 3.1%
to a record high of 2,135 rupees    
    ** UBBW top gainer on Nifty FMCG Index  .NIFTYFMCG , which
is up 0.43%
    ** Reuters could not immediately ascertain a reason for the
stock move
    ** UBBW eyes its seventh consecutive session of gains
    ** Stock up ~23% so far in June-qtr, eyes best quarterly
gain since Dec. 2020
    ** Analysts covering the stock on avg have a "hold" rating,
same as its rival United Spirits  UNSP.NS ; median PT of UBBW is
2,000 rupees - LSEG data
    ** UNSP shares rise 0.6%, eyes sixth consecutive day of
gains
        
  


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))