MARKET EYE-CLSA downgrades United Spirits; says risk-reward unfavourable

Mon Dec 3, 2012 1:57pm IST

Related Topics

Stocks

   

* CLSA downgraded United Spirits to 'sell' from 'buy'
citing unfavourable risk-reward due to sharp rally in stock
price ahead of final consummation of the deal with Diageo PLC
.
* United Spirits rose 69.8 percent in November versus 4.5
percent rise in India's benchmark index.
* The research house also says that its interaction with Diageo
PLC indicates that while the group is upbeat on the long term
potential for United Spirits, in the near term the management
and strategy may impact volumes. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Adani Project

Adani Project

Australia approves Adani's $16 bln Carmichael coal project  Full Article 

India-U.S. Talks

India-U.S. Talks

Kerry to woo Modi's India, but quick progress unlikely  Full Article 

Paring Debt

Paring Debt

Jaiprakash to sell hydro plants to Reliance Power  Full Article 

Nifty Falls

Nifty Falls

The broader index hits lowest in nearly a week on profit taking  Full Article 

Mideast Conflict

Mideast Conflict

U.N. Security Council calls for humanitarian ceasefire in Gaza  Full Article 

Market Eye

Market Eye

Foreign investors prefer Indian cyclicals, utilities - Macquarie  Full Article 

Debt Investment

Debt Investment

India's FII debt limit hike credit-positive, says Moody's  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage