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United spirits stock worth Rs 3600-4000: Religare

PUBLISHED ON: November 29, 2012 | Duration: 5 min, 35 sec

  
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Varun Lohchab, director of institutional equities India at Religare Capital Markets, thinks USL is worth between Rs 3600 and Rs 4000 a share in the medium to long term. He thinks there are two key factors which will drive this re-rating - sustained margin improvement and Whyte and Mackey sale, which will bring in cash into the company.
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