United Breweries Expands Production Capacity, Share Price Down 20%: Time to Buy?

United Breweries has started production at its Ilios Brewery in East Godavari, Andhra Pradesh, increasing its capacity to meet growing demand. Analysts at Nuvama Institutional Equities expect the stock to hit a record high of ₹2,400 per share, an upside of nearly 31 per cent. The shares are down 20 per cent from their peak.