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ubl stock target: Stock Radar: UBL breaks out from 2-year consolidation range; likely to surpass 2,000 level

The breakout above 1,800 level earlier this week has opened room for UBL stock to head towards 2,000-2,100 levels in the next 2-4 months, suggested experts. The stock continued to move in a range after hitting a high of Rs 1,793 in November 2021. It consolidated in a 500-point range where 1,800 acted as a stiff resistance and on the downside levels above 1300 acted as a support.

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New beer launch expected to boost United Breweries share price by 20%

United Breweries share price expected to rise 20% with launch of Heineken Silver Draught Beer in premium bars and pubs in Maharashtra and Karnataka.

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UBL SHARE PRICE: Buy United Breweries, target price Rs 1440: Yes Securities

United Breweries Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 34313.18 Crore) operating in Beverages - Alcoholic sector.

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Three stocks that Nilesh Jain of Anand Rathi Shares is bullish on


BUY HINDPETRO | TARGET: Rs 230 | STOP LOSS: Rs 213
The stock has witnessed a golden crossover on the daily chart where 50-DMA has crossed its 200-DMA from down to up. It has also formed a strong base at around 205 levels and is making a higher top and higher bottom formation on the daily chart. The momentum indicators and oscillators are in the buy mode on the weekly scales which also supports the positive momentum. The stock also witnessed a short covering of positions and now we can expect a build-up of long positions going forward.
BUY BIOCON | TARGET: Rs 480 | STOP LOSS: Rs 448

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