Fundamental And News
Analysis:-
United Spirits Ltd (USL) today said its minority shareholders have approved a proposal to enter into licensing and cost sharing agreements with certain subsidiaries of its parent Diageo Plc, which was rejected earlier last year.
USL is now controlled by world's largest spirits maker Diageo, which had acquired an additional 26 per cent shares in USL for Rs 11,448.91 crore in July with an aim to take its total stake in the Indian firm to 54.78 per cent.
The proposal included entering into license for manufacture and sale agreements, distribution, cost sharing and other agreements by the company with its holding company Diageo Plc.
Technical outlook :-
The above there is a daily chart of united spirits ltd ( Mcdowell ) and it has made a reverse Head & Shoulders pattern the hieght of the pattern is Rs700 and it has given a breakout today at 2936...One can go long in United spirits ltd (Mcdowell) at current market price with stoploss of 2700 for the target of 3500-3600 time frame will be 1-2 months.
Contact :- Suraj Tiwari
Yahoo ID :- Suraj_Tiwari45@yahoo.co.in
E-Mail :- Viratcommodities@gmail.com
Mobile :- 08879641213 / 08097499949
United Spirits Ltd (USL) today said its minority shareholders have approved a proposal to enter into licensing and cost sharing agreements with certain subsidiaries of its parent Diageo Plc, which was rejected earlier last year.
USL is now controlled by world's largest spirits maker Diageo, which had acquired an additional 26 per cent shares in USL for Rs 11,448.91 crore in July with an aim to take its total stake in the Indian firm to 54.78 per cent.
The proposal included entering into license for manufacture and sale agreements, distribution, cost sharing and other agreements by the company with its holding company Diageo Plc.
Technical outlook :-
The above there is a daily chart of united spirits ltd ( Mcdowell ) and it has made a reverse Head & Shoulders pattern the hieght of the pattern is Rs700 and it has given a breakout today at 2936...One can go long in United spirits ltd (Mcdowell) at current market price with stoploss of 2700 for the target of 3500-3600 time frame will be 1-2 months.
For More Details:-
Contact :- Suraj Tiwari
Yahoo ID :- Suraj_Tiwari45@yahoo.co.in
E-Mail :- Viratcommodities@gmail.com
Mobile :- 08879641213 / 08097499949
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