UB Group stocks in demand

United Breweries, United Spirits, UB Holdings, Kingfisher Airlines and McDowell Holdings are up 5-10% on the BSE.

Shares of Vijay Mallya led United Breweries (UB) Group companies are in limelight trading higher by up to 10% in late noon deals on the Bombay Stock Exchange (BSE).

United Breweries, United Spirits, United Breweries Holdings, Kingfisher Airlines and McDowell Holdings are up 5-10% on back of heavy volumes.

Kingfisher Airlines is locked upper circuit for fourth day in a row, up 5% at Rs 6.52 on reports that the UB Group is in talks with a foreign investor for potential stake sale in the company. The stock has surged 44% in past one week from Rs 4.56 on the BSE.

On Tuesday, 24 September 2013, the company's Chairman Vijay Mallya that the company is in talks with a foreign investor for a potential stake sale. Kingfisher Airlines has been grounded since October 2012 for want of cash.

Among the other UB Group stocks, United Breweries Holdings and McDowell Holdings have rallied 10% each at Rs 29.25 and Rs 25.45 respectively, while United Breweries and United Spirits are up 9% each at Rs 900 and Rs 2,675 respectively on the BSE.