United spirits stock worth Rs 3600-4000: Religare
Varun Lohchab, director of institutional equities India at Religare Capital Markets, thinks USL is worth between Rs 3600 and Rs 4000 a share in the medium to long term. He thinks there are two key factors which will drive this re-rating - sustained margin improvement and Whyte and Mackey sale, which will bring in cash into the company.
