Deutsche starts United Spirits with buy rating
Jan 23 2013 , Mumbai
The investment bank said Diageo Plc would bring "much-needed financial prudence" to United Spirits Ltd, which should improve profitability and cash flows.
Deutsche set its 12-month price target at 2,700 rupees.
United Spirits shares were up 1.5 percent at 1,788 rupees as of 10:06 a.m.