United Breweries hits record high on hopes of strong Q3 results

The stock hit a new high of Rs 1,465, up 4% and surpassed its previous high of Rs 1,464, recorded on September 28, 2018 in the intra-day trade.

Shares of United Breweries (UBL) hit a record high of Rs 1,465, up 4 per cent on the BSE, on expectations of strong volume growth in October-December (Q3FY19) quarter. The stock surpassed its previous high of Rs 1,464, recorded on September 28, 2018 in the intra-day trade.

Since August 10, 2018, post September (Q2FY19) quarter results, UBL has outperformed the market by surging 22 per cent after it reported a 12 per cent volume growth compared with industry average growth of 9 per cent during the quarter. In comparison, the S&P BSE Sensex was down 3 per cent during