Indiabulls Securities, in its latest research report on United Breweries, has recommended Sell ratings, citing high leverage levels and expensive valuations.
According to the research report, results have been above expectations, primarily led by reduction in employee costs and advertising revenues. The broking house has raised concerns on high Debt-to-EBITDA ratio of 4X. Besides, the current valuations do not justify the stock price and hence, recommended Sell on this stock.
This stock is available to Indiabulls clients after logging into their website https://trade.indiabulls.com or using their advanced trading application 'Power Indiabulls (PIB)'.
According to the research report, results have been above expectations, primarily led by reduction in employee costs and advertising revenues. The broking house has raised concerns on high Debt-to-EBITDA ratio of 4X. Besides, the current valuations do not justify the stock price and hence, recommended Sell on this stock.
This stock is available to Indiabulls clients after logging into their website https://trade.indiabulls.com or using their advanced trading application 'Power Indiabulls (PIB)'.
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