Share price of United Spirits jumps as Sensex drops 129.54 points

economictimes.indiatimes.com:

United Spirits Ltd. gained 0.9 per cent to Rs 1309.6 at 01:03PM (IST) in Monday's trade. The stock hit a high of Rs 1312.9 and low of Rs 1293.0 so far during the session. The stock had closed at Rs 1297.85 in the previous session.
The counter had a total traded volume of 01:03PM shares so far with a turnover of Rs 2.31 crore on BSE. The stock traded at a price-to-earnings multiple of 67.71 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 FIIs 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 2894.0 crore for the quarter ended 31-Mar-2024, down 5.25 per cent from the previous quarter's Rs 3054.2 crore and down 14.8 per cent from the year-ago quarter's Rs 2520.8 crore.
Its profit for the latest quarter stood at Rs 241.0 crore, up 134.44 per cent from the same quarter a year ago.