Share price of United Spirits falls as Sensex drops 247.6 points
Promoters held 0.79 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 16.68 per cent and 10.12 per cent, respectively.
The share price of dropped 0.38 per cent to Rs 1276.3 at 11:42AM (IST) in Thursday's trade. The scrip has hit a high of Rs 1294.45 and low of Rs 1275.15 so far during the session. The stock had closed at Rs 1281.25 in the previous session.The counter has had a total traded volume of 5197 shares so far with a value of Rs 0.67 crore on the . It traded at a price-to-earnings multiple of 65.95 and a price-to-book ratio of 11.55.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 43.65 per cent during the past one year, while the 30-share index advanced 27.31 per cent during the same period.
belongs to the Beverages & Distilleries industry.
Promotor/FII Holding
Promoters held 0.79 per cent stake in the company as of 31-Mar-2024, while FIIs and domestic institutional investors ownership stood at 16.68 per cent and 10.12 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 2894.0 crore for the quarter ended 31-Mar-2024, down 5.25 per cent from the previous quarter's Rs 3054.2 crore and down 14.8 per cent from the year-ago quarter's Rs 2520.8 crore.
Profit for the latest quarter stood at Rs 241.0 crore, up 134.44 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
