ICICI Direct remains positive on the long term growth prospects of the stock.

The company had reported a net profit of Rs 295 crore in October-December period last fiscal year. Total income declined to Rs 6,631 crore in the period under review as against Rs 8,917 crore in the year-ago quarter, the company said.

The company said it incurred a one-time expense of 1.51 billion rupees, while its input costs rose 4.6%."Looking ahead, in the shorter term, we do expect inflationary headwinds to continue," said Hina Nagarajan, chief executive of United Spirits.

On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18200 strikes while the maximum Put OI is placed at 17900 and then towards 17800 strikes. Call writing is seen at 18200 then 18000 strikes while Put writing was seen at 17800 and then towards 17900 strikes.

The crude oil remains under pressure and since it has sneaked below $80 mark, all sensitive pockets came back into action. Tyre being the beneficial space from the crude oil drop, all counters just took off in last couple of trading sessions.

Its trend is bullish but now RSI on the weekly time frame is at 80+ which indicates that the stock is in the overbought zone. As per the analysis, traders can book profits. And for fresh entry, one can adopt to buy support strategy where the support range is 290-300 levels. Targets are in the range of Rs 365 and 390 levels. Keep a stop loss at 240 on a closing basis.

Brokerage firms remain mixed on the issue. A few are bullish on the company's growing fundamentals and high entry barriers, whereas others are skeptical over its aggressive valuations, despite being pure and OFS play.

The S&P BSE Sensex fell more than 200 points while the Nifty50 closed below 18,600 levels on Wednesday.

​​The stock also bounced back above the multi-year bearish trendline, which is a bullish sign. The stock rose more than 5% in a week and 13% in the last 3 months.

“Largecaps led the indices higher and it is always followed by the midcaps. We have not seen that kind of a fancy catching up in the midcap space. So, in the near term, midcaps could be a short-term play for the next one or two months and then there will be the Budget. All these things will start playing. Then the rally will get shifted to the largecap space and in the next one-two months, midcaps should be in focus.”

​The S&P BSE Sensex topped 63,000 while the Nifty50 also hit 18,700 levels on Wednesday.

HEG: Buy | Target Rs 1125 | Stop Loss Rs 1025. Price has moved up after a range-bound action. Price is in an attempt of an upside breakout.

Among the top eight brewery players on the basis of market capitalisation, with a capping of at least Rs 750 crore, only two players have delivered negative returns in the last six months with one stock turning into a multibagger.

United Spirits Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 63428.29 Crore) operating in Beverages - Alcoholic sector.

The S&P BSE Sensex rose more than 200 points while the Nifty50 closed above 18400 levels on Tuesday.

The ‘Prestige & Above’ segment accounted for 75 percent of the company’s net sales during the first half of the year

United Spirits Ltd. key Products/Revenue Segments include Beverages (Alcohol), Income From Franchise, Scrap and Other Operating Revenue for the year ending 31-Mar-2022.

United Spirits Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 63072.24 Crore) operating in Beverages - Alcoholic sector.

The portfolio rejig comes ahead of the September quarter earnings season in which oil and gas and metal companies are expected to drag. “Sectors focused on domestic consumption, investments are likely to outperform the sectors dependent on global demand, cyclicals and commodities,” Motilal Oswal Financial Services said in a report.

The portfolio rejig comes ahead of the September quarter earnings season in which oil and gas and metal companies are expected to drag. “Sectors focused on domestic consumption, investments are likely to outperform the sectors dependent on global demand, cyclicals and commodities,” Motilal Oswal Financial Services said in a report.

“Even our quarterly seasonality studies of the last 10 years show a success rate of 90%, wherein the last quarter of CY (Oct-Dec) has fared well for broader markets,” says Pritesh Mehta

Indian market opened lower by over a per cent on Monday tracking weak global cues. The S&P BSE Sensex fell more than 700 points while the Nifty50 breached 17,200 levels on the downside in the first 15-minutes of trade.

United Spirits Ltd. key Products/Revenue Segments include Beverages (Alcohol), Income From Franchise, Scrap and Other Operating Revenue for the year ending 31-Mar-2022.

Following its impressive show in Q2 business update, Titan shares ended 5.2% higher on Friday and closed a tad below its lifetime closing high. “We believe the stock will surpass its lifetime high of Rs 2,768 and explore uncharted territory, which could take it towards Rs 3,000,” says Jatin Gohil, Technical and Derivative Research Analyst at Reliance Securities, in this interview with ETMarkets. Edited excerpts:

“There were several upside attempts after achieving the 17,160 target, but all of them were rejected summarily, confirming further downsides aiming for 16,860,” Anand James - Chief Market Strategist at Geojit Financial Services, said.

United Spirits Ltd. key Products/Revenue Segments include Beverages (Alcohol), Income From Franchise, Scrap and Other Operating Revenue for the year ending 31-Mar-2022.

United Spirits Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 60946.82 Crore) operating in Beverages - Alcoholic sector.