United Breweries hits three-month low on volume growth concerns

The stock was down 2 per cent at Rs 1,293 on the BSE in the intra-day trade on Tuesday. It was trading at its lowest level since December 27, 2018.

Shares of United Breweries (UBL) hit a three-month low of Rs 1,293, down 2 per cent on the BSE in intra-day trade on Tuesday on concerns of lower volume growth during the general elections.

The stock of liquor firm was trading at its lowest level since December 27, 2018. In the past two months, it has underperformed the market by falling 9 per cent. The S&P BSE Sensex has risen 5 per cent during the period.

In the calendar year 2018, UBL had rallied 27 per cent on the back of strong earnings due to higher volume growth. In comparison, the