United Spirits shares fall 2.44 per cent in Friday's trading session
The Relative Strength Index of the stock stood at 45.95 on Friday.
Shares of fell 2.44 per cent to Rs 1122.9 in Friday's trade as of 01:33PM (IST) even as the benchmark ruled at 22041.1, up 45.25 points.The scrip had closed at Rs 1151.0 in the previous session. The stock quoted a 52-week low of Rs 754.4 and a high of Rs 1207.35. The company quoted a market-cap of Rs 81732.42 crore on the .
On BSE, 20,314 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 64.41 times its trailing 12-month EPS of Rs 17.45 per share and 9.17 times its book value. The return on equity (ROE) stood at Rs 18.93.
Key Financials
For the quarter ended 31-Dec-2023, reported consolidated sales of Rs 7014.1 crore, up 150.5 per cent from the same quarter a year ago. The company reported 63.49 per cent YoY growth in net profit at Rs 350.2 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
