U B (Holdings) Ltd: A Super Bullish Chart Pattern
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You have seen the Chartical Part, which is very explosive for the bulls.
Now let us consider some fundamental part too. Let us examine some of its holdings:
1. United Breweries Holdings Ltd holds 18.03% in United Spirits Ltd.
2. Gem Investment & Trading Company Pvt Ltd, promoter group company holds 1.63% in UNITED BREWERIES LTD.
3. United Breweries Holdings Ltd holds 37.18% in U B ENGINEERING LTD.
Now, the point is that a brokerage house has increased the target for United Spirits Ltd to around Rs.2200, this gives further upside for the scrip of U B (Holdings) Ltd. Moreover, the book value of the shares of the company is Rs.236.90. In such a circumstance, I am expecting a minimum price of Rs.140 for the scrip in the next few trading sessions.
Now, the point is that a brokerage house has increased the target for United Spirits Ltd to around Rs.2200, this gives further upside for the scrip of U B (Holdings) Ltd. Moreover, the book value of the shares of the company is Rs.236.90. In such a circumstance, I am expecting a minimum price of Rs.140 for the scrip in the next few trading sessions.
