NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
Our channel checks on alcohol-beverage demand in Western and Eastern India indicate that the last 15 days of December 2023 saw largely healthy YoY and sequential improvement in demand.
While the sample size of our channel checks was limited, the trend in Alco-Bev demand seems to be relatively positive relative to most other consumption categories.
We have a ‘Buy’ rating on United Breweries Ltd. and an ‘Accumulate’ rating on United Spirits Ltd.
Click on the attachment to read the full report:
Also Read: Financials - Earnings Outlook Healthy; Maintain Preference For ICICI Bank, SBI: Motilal Oswal
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner