United Spirits shares down 0.9% as Nifty drops
A total of 3,861 shares changed hands on the counter till 11:57AM (IST).
NEW DELHI: Shares of traded 0.9 per cent down in Wednesday's trade at 11:57AM (IST). Around 3,861 shares changed hands on the counter.The stock opened at Rs 1297.15 and touched an intraday high and low of Rs 1297.15 and Rs 1267.65, respectively, in the session so far. The stock of quoted a 52-week high of Rs 1334.05 and a 52-week low of Rs 891.05.
Total market cap of the . stood at Rs 92693.59 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 2894.0 crore for the quarter ended 31-Mar-2024, down 5.25 per cent from previous quarter's Rs 3054.2 crore and down 14.8 per cent from the year-ago quarter's Rs 2520.8 crore.
The net profit for latest quarter stood at Rs 241.0 crore, up 134.44 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, DIIs held 10.12 per cent stake in the company, while foreign institutional investors held 16.68 per cent and the promoters 56.67 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 65.87 and a price-to-book ratio of 11.55. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
. belongs to the Beverages & Distilleries industry.
Source: Stocks-Markets-Economic Times
