REFILE-MARKET EYE- Kotak initiates India's United Breweries with 'sell'

Thu Jan 3, 2013 1:19pm IST

Related Topics

Stocks

   

(Corrects to remove extraneous word in headline)
* Kotak Institutional Equities initiates coverage of United
Breweries Ltd with a 'sell' rating and a target price
of 700 rupees, calling valuations "too high for our comfort."
* The 'sell' rating comes despite what Kotak says is a positive
outlook for India's beer market, saying beer volumes will grow
"strongly" over the next several years despite an adverse tax
structure in the sector.
* United Breweries falls 0.2 percent to 943 rupees.

 (manoj.dharra@thomsonreuters.com /
manoj.dharra.reuters.com@reuters.net)
FILED UNDER:
  • Most Popular
  • Most Shared

Reforms Plan

REUTERS SHOWCASE

Border Talks

Border Talks

India names Ajit Doval as special envoy for China border talks.  Full Article 

WTO Deal

WTO Deal

U.S. seeks to step up India trade talks  Full Article 

Phone Masts

Phone Masts

American Tower to buy Bharti Nigeria phone masts for $1.1 billion  Full Article 

Infrastructure Plan

Infrastructure Plan

India targets private cash to build railways to its ports.  Full Article 

Shadow Banking

Shadow Banking

Reserve Bank planning more measures for NBFCs.  Full Article 

Auto Sector

Auto Sector

Hyundai Motor, Kia Motors lift 2014 global sales target on China, emerging markets  Full Article 

Oil Prices

Oil Prices

Some fund managers see oil falling to $60 without OPEC cut.  Full Article 

Project Shelved

Project Shelved

Jindal Steel shelves $10 bln project after coal setback.  Full Article 

Market Eye

Market Eye

Sensex, Nifty rise to record after China, ECB stimulus boosts risk appetite.  Full Article 

Reuters India Mobile

Reuters India Mobile

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