Motilal Oswal has a buy call on
United Spirits Ltd with a target price of Rs 685. The current market price of United Spirits is Rs 588.2.
United Spirits Ltd, incorporated in the year 1999, is a Large-Cap company with a market cap of Rs 42748.16 Crore, operating in Beverages-Alcoholic sector.
United Spirits Ltd s key Products/Revenue Segments include Beverages (Alcohol), Income From Franchise, Scrap and Other Operating Revenue for the year ending 31-Mar-2020.
Investment Rationale
Changes to the model – due to the ongoing lockdowns amid the second Covid wave in India – have led to a ~35 per cent/17 per cent EPS cut in Motial Oswal s FY22/FY23 estimates.