United Breweries, controlled by HEINEKEN, has appointed Vivek Gupta as its Managing Director and Chief Executive Officer, the company said on Thursday. He will focus on premiumising UBL s portfolio and strengthening the iconicity of Kingfisher. Jacco van der Linden, Regional President APAC of HEINEKEN, expressed excitement about Gupta s appointment and praised his ability to build businesses and brands in a fast-paced and complex environment.
Short-term traders with high-risk profiles can look at accumulating the stock as the risk-to-reward ratio looks favourable for a bounce back towards the resistance level.
Heineken said, in India, net revenue (beia) grew by a high-single-digit organically, driven by volume growth and pricing. Beer volume grew by a mid-single-digit, led by Kingfisher.
Damani's investment arm Derive Trading And Resorts has more than 59,200 equity shares of United Breweries as his holding stood at 31,36,536 equity shares, or 1.19 per cent, as of March 31, 2022.