Oktoberfest begins for UBL as bars reopen, states cut taxes

The UBBL stock has declined 23% in the last one year and 15% in the past two years with steep taxes by states, increase in input prices in FY20 followed by the Covid-19-led disruption. The stock is currently trading at a PE of 42 times its FY22 estimated earnings compared to its five year average of 69.5.

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