CLSA Maintains Hold Rating on United Spirits with ₹1,300 Target Price
CLSA has assigned a Hold rating to United Spirits Limited with a target price of ₹1,300 per share. The neutral rating suggests the brokerage views the alcoholic beverages company as fairly valued at current levels. This assessment provides investors with guidance on the stock's near-term prospects in the competitive market.
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United Spirits has received a Hold rating from CLSA, with the brokerage firm setting a target price of ₹1,300 per share. This rating reflects a neutral outlook on the alcoholic beverages company's stock performance.
Brokerage Assessment
CLSA's Hold recommendation indicates that the brokerage views United Spirits as fairly valued at current market levels. The target price of ₹1,300 suggests limited upside potential from the stock's present trading range.
| Rating Details: | Information |
|---|---|
| Brokerage: | CLSA |
| Rating: | Hold |
| Target Price: | ₹1,300 |
Market Implications
The Hold rating typically suggests that investors should maintain their current positions without adding significantly to their holdings. CLSA's assessment indicates a cautious approach toward United Spirits' near-term prospects in the competitive alcoholic beverages market.
The target price of ₹1,300 provides investors with a benchmark for evaluating the stock's performance against analyst expectations. This neutral stance from CLSA may influence investor sentiment and trading decisions in the coming period.
Historical Stock Returns for United Spirits
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.11% | +0.05% | -6.16% | -3.11% | -9.46% | +112.94% |
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