IPL Team Royal Challengers Bengaluru Put on Sale
Diageo, the parent company of United Spirits, has announced plans to sell its stake in the IPL franchise Royal Challengers Bengaluru (RCB).
Stock Implications for United Spirits
Technical charts indicate that United Spirits' stock could rise significantly, with a potential increase of up to 28% from current levels. The stock might even surpass ₹1,800 soon.
Market Reactions
- The announcement has drawn attention to United Spirits' shares.
- Investors are assessing the impact of the IPL franchise sale on the company’s valuation.
IPL champions RCB put on sale; charts suggest the stock can rally past ₹1,800.
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Summary
Diageo's decision to sell RCB shares has sparked market interest, with technical analysis pointing to a potential sharp rise in United Spirits' stock price.