UBL To Have More Flavours In Kingfisher Buzz

United Breweries, the Beer maker which today launched its malt-based beverage 'Kingfisher Buzz' in Delhi, would introduce different flavours in its ready-to-drink (RTD) product. The company anticipates Kingfisher Buzz to have a pan India presence in the coming 12 to 18 months and is working on new flavours as well.  

At prsent, the company has introduced Kingfisher Buzz at few markets of Mumbai, Pune, Goa and Banagaluru. Kingfisher Buzz will be in direct competition with Bacardi Breezer, which is a market champion in the sector with around 95 per cent market share and comes in eight flavours. They believe that the RTD market would grow. Presently this is anticipated to be around 2.5 million cases and is growing with single digit, said Samar Singh  Sheikhawat, UBL Senior VP Marketing added. Kingfisher Buzz is at present available in two flavours - berry and lychee.

This morning saw UBL share price rolled below 1 per cent. The stock opened at Rs. 961.30 as compared to its previous closing at Rs. 962.30. The stock touched the days high and low at Rs. 965.90 and Rs.942.30. Till now, around 3,02,765 shares were traded in the counter with a traded value of Rs. 2,884.59, as per NSE. Yesterday, the stock saw a spurt in volume by more than 1.04 times.

The 52 week high of UBL share price is observed at Rs. 1,014.95 on 4^th Nov ‘15 while the 52 week low is seen at Rs. 690.00 on 24^th May ‘16. The Average Daily Movement of the stock is 26.21 and its average volume for last 20 days is 679352. The stock yields 18.06 per cent monthly returns and has the PE ratio of 86.23. The market cap of the company amounts to Rs. 25443.71 (Cr) and has a book value of Rs. 79.76

UBL is identified by Dynamic Levels as the top 500 performing stocks for the June quarter amongst the 1700 stocks listed on the NSE.  UBL is fundamentally strong and is safe for investment, according to Dynamic analysts.

In order to know more about the support and resistance levels of the stock and also its fundamentals and financials, please a pay a visit to UBL share price history.