Share price of United Spirits jumps as Sensex gains 221.42 points
Promoters held 0.79 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 16.23 per cent and 10.39 per cent, respectively.
The share price of gained 2.75 per cent to Rs 1160.1 at 10:15AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 1167.25 and low of Rs 1128.95 so far during the session. The stock had closed at Rs 1128.95 in the previous session.The counter has had a total traded volume of 35515 shares so far with a value of Rs 4.11 crore on the . It traded at a price-to-earnings multiple of 65.11 and a price-to-book ratio of 9.17.
A higher P/E 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 54.64 per cent during the past one year, while the 30-share index advanced 25.21 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-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 16.23 per cent and 10.39 per cent, respectively.
Key Financials
The company reported consolidated net sales of Rs 7014.1 crore for the quarter ended 31-Dec-2023, up 3.5 per cent from the previous quarter's Rs 6776.6 crore and up 150.5 per cent from the year-ago quarter's Rs 2800.0 crore.
Profit for the latest quarter stood at Rs 350.2 crore, up 63.49 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
