A pungent fug of malt and yeastiness hangs over Murree Brewery, Pakistan ’s biggest and oldest producer of alcoholic drinks.

Upgrades to buy from neutral, price target of Rs 800 (vs Rs 690 earlier), upside of 25%Pickup in ULIP, agility in non-ULIPs and margin comfortExpect net MF flows to rebound in Jun ’25, ULIP flows tend ...