Reco price Rs495, Call closure price Rs468
We had recommended a SELL on United Breweries in our report – Conviction Sell Ideas, dated 11th July, 2011 with a target price of Rs443. In today’s trading session, the stock has hit a low of Rs463. We close our call at current level as the correction has brought the stock within our valuation comfort zone. We reiterate our positive stance on the underlying business.