Share price of United Spirits jumps as Sensex drops 76.09 points
United Spirits Ltd. gained 0.54 per cent to Rs 1126.95 at 10:45AM (IST) in Friday's trade. The stock has hit a high of Rs 1130.15 and low of Rs 1117.6 so far during the session. The stock had closed at Rs 1120.8 in the previous session.
The counter has had a total traded volume of 5660 shares so far with a value of Rs 0.64 crore on the NSE. It traded at a price-to-earnings multiple of 64.5 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 49.14 per cent during the past one year, while the 30-share index advanced 27.33 per cent during the same period.
United Spirits Ltd. 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 FIIs and domestic institutional investors ownership stood at 16.23 per cent and 10.39 per cent, respectively.
Key Financials The firm 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.
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