United Breweries at new high, stock surges 13%

The stock has ralliedr19% in past two trading sessions on inclusion in the MSCI India index from November 30.

United Breweries has rallied over 13% to Rs 950, also its record high on the Bombay Stock Exchange (BSE) on back of heavy volumes.

The stock opened at Rs 840 and hit a low of Rs 838 so far. As many as a combined 3.51 million shares have changed hands on the counter against two-week average of 1.61 million shares on the BSE and NSE.

The stock has rallied over 19% in past two trading sessions from Rs 796 after the company included in the MSCI India index from November 30, 2012. An addition into the index leads to inflows from passively managed funds.