Share price of United Spirits rises as Nifty weakens
United Spirits Ltd. gained 0.21 per cent to Rs 1083.95 in Monday's trade as of 02:01PM (IST). The stock hit a high price of Rs 1085.1 and low of Rs 1062.6 during the session.
The return on equity (ROE) for the stock stood at 18.93 per cent. Traded volume on the counter stood at 02:01PM shares and turnover at Rs 2.58 crore around that time. The stock of United Spirits Ltd.
quoted a 52-week high price of Rs 1123.95 and 52-week low prices of Rs 730.9, respectively.
The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.06.
Promotor/FII Holding Promoters held 0.79 per cent stake in the company as of 30-Sep-2023, while FIIs held 16.51 per cent and domestic institutional investors had 9.96 per cent.
Key Financials The company reported consolidated sales of Rs 6776.6 crore for the quarter ended 30-Sep-2023, up 16.23 per cent from previous quarter's Rs 5830.1 crore and up 132.19 per cent from the year-ago quarter's Rs 2918.6 crore. Net profit after tax for the latest quarter stood at Rs 339.3 crore, down 38.65 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish bias on the counter.
The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect «buy» or «sell» opportunities.
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