United Breweries zooms 7% in opening deals

The stock is in demand of buzz that Heineken may hike stake in the company.

United Breweries is trading on a buoyant note in early morning deals on buzz of further stake dilution. The stock has zoomed as much as 7 percent in the opening trades.

According to media reports, the foreign partner Heineken NV is looking to raise its stake in United Breweries, to gain full management control.

The stock is now up over 6 percent at Rs. 882. The counter has seen trades of around 6,800-odd shares as against the two-week daily average volume of around 16,000 shares on the BSE.

Meanwhile, the Sensex has rallied 297 points to 26,038.