IPL Cricket Team RCB Put on Sale: Is United Spirits Stock Worth Buying?
Diageo, the parent company of United Spirits, has announced its plan to sell off its stake in the IPL team, Royal Challengers Bengaluru. This move has drawn significant investor attention toward United Spirits’ shares.
According to recent technical analysis, the company's stock price could potentially rise by up to 28% from its current levels. Market charts indicate that shares might break past ₹1,800 if momentum continues.
“United Spirits stock remains in focus as IPL champions RCB go on sale.”
Investors are watching the development closely, as this divestment could unlock new opportunities and reshape Diageo’s India strategy.
Summary
United Spirits’ stock shows growth potential as Diageo moves to sell its stake in RCB, signaling a strategic shift that could boost market confidence.