Shares of United Spirits rise as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 1077.74.
Shares of gained 1.31 per cent to Rs 1218.25 in Wednesday's trade as of 10:30AM (IST). It hit a high of Rs 1225.0 and low of Rs 1195.25 during the session.The stock quoted a 52-week high price of Rs 1242.35 and a low of Rs 781.0. The return on equity for the stock stood at 18.93 per cent. About 9,021 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.06.
The scrip has been an outperformer, up 53.52 per cent in the past one year in comparison with a 22.32 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 781.0 on May 08, while the 50-DMA was at Rs 1153.74. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 0.79 per cent stake in as of 31-Mar-2024. Mutual funds and foreign institutional investors held 10.12 per cent and 16.68 per cent stake.
Source: Stocks-Markets-Economic Times
