BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura retains buy on United Spirits
Efforts are in place for the company to take advantage of several long-term growth drivers. We remain confident that the company strategy going forward should help control the operational issues plaguing United Spirits for the last few years and help margins increase to the levels of its competitors. Growth momentum may pick up going forward into FY16/17 with profitability seeing a sharp rebound off a low base in FY15. Target Rs 4,050.