United Spirits shares down 0.02% as Nifty gains
United Spirits Ltd. traded 0.02 per cent down in Tuesday's trade at 11:28AM (IST). Around 10,170 shares changed hands on the counter.
The scrip opened at Rs 918.05 and touched an intraday high and low of Rs 926.55 and Rs 915.5, respectively, in the session so far. The stock of United Spirits Ltd. quoted a 52-week high of Rs 951.95 and a 52-week low of Rs 730.9.
Total market cap of the United Spirits Ltd. stood at Rs 66778.08 crore at the time of writing this report.Key Financials The company reported consolidated net sales of Rs 2520.8 crore for the quarter ended 31-Mar-2023, down 9.97 per cent from previous quarter's Rs 2800.0 crore and down 1.51 per cent from the year-ago quarter's Rs 2559.5 crore. The net profit for latest quarter stood at Rs 102.8 crore, down 43.42 per cent from the corresponding quarter last year.Shareholding pattern As of 31-Mar-2023, DIIs held 9.9 per cent stake in the firm, while foreign institutional investors held 15.38 per cent and the promoters 56.68 per cent.Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 58.77 and a price-to-book ratio of 9.17.
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. United Spirits Ltd.
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