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May 22, 2013, 11.39 AM IST | Source: Reuters

Morgan Stanley resumes United Spirits at 'overweight'

Morgan Stanley expects capital efficiencies, reduced leverage, strengthened leadership, and consistent disclosures to boost United Spirits' shares.

Morgan Stanley resumes United Spirits at 'overweight'

Morgan Stanley resumes coverage of United Spirits with an "overweight" rating and a target price of Rs 3,115.

The investment bank says new owner Diageo Plc could implement a greater focus on profitable growth for the liquor maker.

Morgan Stanley says United Spirits could also focus on the "prestige" liquor segment, improving margins.

The bank also expects capital efficiencies, reduced leverage, strengthened leadership, and consistent disclosures to boost United Spirits' shares.

As of 11.07 a.m, United Spirits shares were up 4.2 percent at Rs 2,507.

United Spirits stock price

On October 31, 2014, United Spirits closed at Rs 2761.75, up Rs 27.40, or 1.00 percent. The 52-week high of the share was Rs 2940.55 and the 52-week low was Rs 2226.00.


The latest book value of the company is Rs 262.47 per share. At current value, the price-to-book value of the company was 10.52.

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