United Breweries has rallied up to 20% at Rs 882, also its record high, on back of heavy volumes. The stock has bounced back more than 27% from intra-day low of Rs 692 touched in opening deals on the National Stock Exchange.
As many as a combined 1.47 million shares have already changed hands on the counter till noon deals against an average 0.51 million shares that were traded daily in past two weeks on both the exchanges.
According to Reuters report, Citigroup in a note said that United Breweries may get added to MSCI India index as part of the index provider's semi-annual review announcement expected on November 14.
The bank did not provide reasoning behind its predictions, it added.
