Tuesday, January 27, 2009

Strong Buy: United Spirits @ Cmp:428

After the News:
Mallya arm pledges big chunk of USL to fund KF - United Spirit was smashed down to Rs 427.

According to the latetst news:
Diageo interest in picking up a minority stake in Vijay Mallya’s liquor flagship United Spirits (USL). Sources said talks exploring the possibility of Diageo buying around 10-13% in the Indian spirits behemoth, the world’s third-largest by volume, for $500-600 million have taken place.

According to our internal sources, deal is almost closed. So all eyes on this counter for next few days.

We recommend a Strong Buy at CMP 428 with Target of T1-550, T2-650; SL- 380


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