Buy United Breweries, target Rs 1320: Dr CK Narayan

INSUBCONTINENT EXCLUSIVE:
Dr CK Narayan of Chart Advise has a buy call on United Breweries Ltd
with a target price of Rs 1320
The current market price of United Breweries Ltd
is Rs 1299.5
Time period given by the analyst is Intra Day when United Breweries Ltd
price can reach the defined target
Dr CK Narayan recommended to keep stoploss at Rs 1280 United Breweries Ltd., incorporated in1999, is a largecap company with a market cap
of Rs 34359.45 crore. United Breweries Ltd
key Products/Revenue Segments include Beer which contributed Rs 9938.95 Crore to Sales Value (97.17 % of Total Sales), Other Operating
Revenue which contributed Rs 216.39 Crore to Sales Value (2.11 % of Total Sales), Malt which contributed Rs 65.31 Crore to Sales Value (0.63
% of Total Sales) and Royalty Income which contributed Rs 7.51 Crore to Sales Value (0.07 % of Total Sales)for the year ending 31-Mar-2017
For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 1865.91 Crore, up 26.99 % from last quarter Sales of Rs
1469.28 Crore and up 11.45 % from last year same quarter Sales of Rs 1674.21 Crore Company has reported net profit after tax of Rs 221.92
Crore in latest quarter
The company’s top management includes Mr.A K Ravi Nedungadi, Mr.Chhaganlal Jain, Mr.Christiaan J van Steenbergen, Mr.Chugh Yoginder Pal,
Mr.Frans Erik Eusman, Mr.Madhav Bhatkuly, Mr.Shekhar Ramamurthy, Mr.Stephan Gerlich, Mr.Steven Bosch, Mr.Sunil Kumar Alagh, Ms.Kiran
Mazumdar Shaw
Company has S R Batliboi Associates LLP as its auditoRs As on 30-06-2018, the company has a total of 264,405,149 shares outstanding