Technical Analyst Rajesh Satpute has maintained 'buy' rating on United Spirits Limited stock with a target of Rs 1140.

Mr. Satpute said that the stock can be purchased with a stop loss of Rs 1025.

The stock of the company, on April 13, closed at Rs 1065.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1683.80 and a low of Rs 997.70 on BSE.

Current EPS & P/E ratio stood at 27.51 and 38.43 respectively.

Country's liquor fabricator United Spirits Ltd announced that it has got hold of a 41.5% equity stake in Sovereign Distilleries Ltd for Rs 35 million with the aim to boost its self-sufficiency on the delivery of the key raw material.

Sovereign Distilleries is a local fabricator of extra-neutral alcoholic beverage in the southern Indian state of Karnataka.

At present, Sovereign Distilleries Ltd has a capacitance to make 180 kiloliters of alcohol on a daily basis.

The creator of McDowell's No. 1, Royal Challenge and Antiquity whiskeys stated that the fresh acquirement is directed at propping up its primary distillation capability with the aim to gain fuller control over supplies of extra neutral alcohol.

United Spirits is eyeing to internally fabricate half its projected necessity of this raw material by the next three years (2013).