Share price of United Spirits falls as Sensex gains 89.38 points

economictimes.indiatimes.com:

United Spirits Ltd. dropped 0.8 per cent to Rs 1391.0 at 11:52AM (IST) in Wednesday's trade. The scrip hit a high of Rs 1407.1 and low of Rs 1391.0 so far during the session. The stock had closed at Rs 1402.35 in the previous session.
The counter had a total traded volume of 11:52AM shares so far with a turnover of Rs 0.25 crore on BSE. The stock traded at a price-to-earnings multiple of 71.79 and a price-to-book ratio of 11.55.

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 is the measure of the price that investors are ready to pay even for no growth in the business.
United Spirits Ltd. belongs to the Beverages & Distilleries industry.
Promotor/FII Holding Promoters held 56.67 per cent stake in the company as of 30-Jun-2024, while foreign investors and domestic institutional investors ownership stood at 15.09 per cent and 13.95 per cent, respectively.
Key Financials The company reported consolidated net sales of Rs 6273.0 crore for the quarter ended 30-Jun-2024, up 116.76 per cent from the previous quarter's Rs 2894.0 crore and up 133.24 per cent from the year-ago quarter's Rs 2689.5 crore.
Its profit for the latest quarter stood at Rs 485.0 crore, up 1.74 per cent from the same quarter a year ago.