United Breweries hits record high; up 12% in one week

The stock hit a record high of Rs 1,464, outperforming the market by gaining 12% during the current week, as compared to a 1.2% decline in the S&P BSE Sensex.

Shares of United Breweries (UBL) hit a record high of Rs 1,464, up 3% on the BSE in early morning trade in an otherwise subdued market.

The stock has outperformed the market by gaining 12% during the current week, as compared to a 1.2% decline in the S&P BSE Sensex. Since July 30 (Q1FY19), post-June quarter results, UBL have rallied 30% against 3% fall in the benchmark index.

The company had reported 12% volume growth compared with industry average growth of 9% during the quarter. EBITDA (earnings before interest, tax, depreciation and amortization) margin expanded 249bps YoY to