United Spirits Short Term Buy Call

United Spirits Short Term Buy CallTechnical analyst Jatinder Sharma has maintained 'buy' rating on United Spirits Limited stock with a short term target of Rs 1090.

According to analyst, the investors can buy the stock with a stop loss of Rs 1015.

The stock of the company, on May 02, closed at Rs 1039.40 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 27.99 and 37.22 respectively.

The share price has seen a 52-week high of Rs 1683.80 and a low of Rs 997.70 on BSE.

United Spirits will establish a four-member executive group to appraise biz recital and supervise new biz plans.

United Spirits Ltd has recorded a net profit of Rs 77.44 crore for Jan-Mar quarter ended March 2011.

India's biggest spirit maker had registered a net profit of Rs 56.85 crore during the corresponding period of 2010.

Company's overall income for the quarterly period under review remained at Rs 1,617.19 crore, whereas the same stood at Rs 1,266.32 crore during the corresponding period a year ago.

For the 12 month period ended March 2011, United Spirits Ltd recorded a net profit of Rs 403.04 crore, whereas the same was Rs 376.02 crore during the last financial year.

The company's total income for the year ended March, 31, 2011 stood at Rs 6422.72 crore, while the same was Rs 4979.47 crore in the previous fiscal.

The company has appointed Ashok Capoor as the Managing Director and President of the company for a period of three years with effect from May 2, 2011.

In addition, the company has also roped in P A Murali as the Joint President.

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