UNITED BREWERIES LTD.-$

Sell United Breweries, target Rs 112: Indiabulls Securities

12 Nov 09 05:38 PM
Money Control
Indiabulls Securities has recommended a sell rating on United Breweries, with price target of Rs 112, in its report dated November 11, 2009. The stock closed at Rs 146.65 on November 12, 2009.

"In the last three years the ROE of United Breweries has declined from nearly 12% in FY07 to 5.6% in FY0..