Diageo picks Morgan Stanley as advisor. Company inherited many of its existing brands when it acquired United Spirits Ltd (USL) from Vijay Mallya in 2013 in its biggest India bet.
Stock has given breakout from symmetrical triangle with above average volumes on weekly charts, which is very bullish for the stock. Currently, the stock is retracing to the vertical up move that was between 3000 and 3200. Our advice would be to buy the stock at current levels and keep a stop loss at 3080.
In a circular, the exchange said it has set a circuit limit of 10 percent for United Breweries (Holdings) and McDowell Holdings.
Dismissing the plea seeking removal of liquor ban of many hoteliers, the apex court has made Kerala the fifth state with such a ban.
Anand Kripalu, chief executive of the unit of Britain's Diageo Plc, said the maker of Johnnie Walker whisky expects growth in top-end spirits to outpace the mass market over the next few years, as a growing class of wealthy young professionals demands better quality.
McDowell Holdings has reported a sales standalone turnover of Rs 4.97 crore and a net profit of Rs 0.56 crore for the quarter ended Sep '13
Here's how small cap stocks opened on October 4
We started the year with a Vodafone judgment and the government‘s spent all year trying to undo that judgment. First the review, then the retroactive amendments and now an effort to get a larger bench to relook at the Vodafone decision! To make sense of this I need to tell you about another case.
Liquor major United Spirits' second quarter net profit plunged 74 percent year-on-year to Rs 39 crore, hit by sluggish volume growth and forex losses.
By: Sachit Jolly, Vaish Associates Advocates
Corporate interest in Research in Motion's (RIM) new tablet was "massive," the company said, as it announced plans to launch a 4G version of the device this summer with Sprint Nextel.