IPL Cricket Team RCB Put on Sale
Diageo, the parent company of United Spirits, plans to sell its stake in the IPL franchise Royal Challengers Bengaluru (RCB).
Impact on United Spirits Stock
Technical analysis indicates that United Spirits stock could rise by up to 28% from its current level.
Charts suggest the stock price might surpass ₹1,800 following the announcement.
"United Spirits stock in focus as IPL champions RCB put on sale; charts suggest the stock can rally past ₹1,800."
Market Reaction
Investors are closely watching this development as it could positively influence United Spirits' market performance.
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Author's summary: Diageo's plan to divest from RCB has sparked optimism, with technical data suggesting a notable surge in United Spirits' stock price.