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Tuesday, August 16, 2016

UBL's Q1 Net Profit Soars 20.4% To Rs 147 Crores

UBL share price rose by nearly 1.22% per cent this morning. The stock opened at Rs. 805.90 against its previous closing seen at Rs.790.35. The stock touched the days high and low at Rs. 811.95 and Rs.799.10
Liquor firm United Breweries Ltd (UBL) disclosed a 20.40 percent increase in standalone net profit to Rs 147.06 crores for the June 30 quarter end. It had noted a net profit amounting to Rs 122.14 crores in the April-June period last year, according to the company. UBL's net sales on standalone basis went further up 8.59 percent to Rs 1,485.67 crores during the period under review as compared to Rs 1,368.03 crores in the year-ago period. Its total expense was seen up 5.79 percent to Rs 1,335.97 crores as against Rs 1,262.79 crores in the three-month period of 2015-16.
As of now UBL share price is trading at Rs. 800.10 up by 9.75 points.

UBL share price forecast
UBL is one of the top 500 shares recommended by Dynamic Levels for this quarter out of the 1700 shares listed on NSE. UBL share price touched its 52 week high at Rs. 1014.95 on 4th Nov ’15 while the 52 week low is observed at Rs. 690.00 on 24th May ’16. The company has a market cap amounting to Rs 20897.26 (Cr) and a book value of Rs. 81.15. As per NSE approximately 1 Lakh shares were traded in the counter.
For further information kindly look for the UBL share price history page of Dynamic Levels Website and the Ladder on UBL share price forecast page to get the resistance and support levels.

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