IPL Cricket Team RCB Put on Sale
Diageo, the parent company of United Spirits, is planning to sell its stake in the IPL franchise Royal Challengers Bengaluru (RCB).
Market Impact on United Spirits Stock
Technical analysis indicates that the United Spirits stock has the potential to increase by up to 28% from its current level.
Following the announcement, charts suggest the stock price could rise above ₹1,800.
"United Spirits stock in focus as IPL champions RCB put on sale; charts suggest the stock can rally past ₹1,800."
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Author's summary: United Spirits' divestment of RCB stake is expected to positively influence the stock, with technical signals pointing to a strong potential rally.
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