<ul><li>Shares of United Breweries rose 1.6% as it announced the launch of a new premium beer brand, Amstel Grande, in Uttar Pradesh.</li><li>The beer, developed locally in India, has been priced at Rs 110 for a 330ml bottle, Rs 160 for 500ml bottle, and Rs 210 for a 650ml bottle.</li><li>United Breweries stock rose 1.6% to Rs 2,014.95 per share on the NSE, while the Nifty 50 was down 1.5%.</li><li>The stock is down by nearly 4% on a year-to-date basis, but seven out of seventeen analysts have a 'buy' rating on the stock.</li></ul>

On A High: United Breweries Stock Up Amid Market Slump — Here's Why

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