United Spirits shares down 2.74% as Sensex falls
United Spirits Ltd. fell 2.74 per cent to Rs 917.85 in Friday's session as of 01:18PM (IST) even as the equity benchmark Sensex traded 433.97 points lower at 65351.67. Earlier in the day, the stock witnessed a gap down start to the session.
The stock quoted a 52-week high price of Rs 951.95 and a 52-week low of Rs 730.9 on NSE. Around 23826 shares changed hands on the counter till 01:18PM (IST). The stock opened at Rs 925.7 and has touched an intraday high and low of Rs 941.55 and Rs 913.3 during the session so far.
The stock quoted a price-to-earnings (PE) ratio of 58.75, earnings per share (EPS) of Rs 15.62 and price to book value (PB) of 9.17, while the return on equity (ROE) stood at Rs 18.93.Promoter/ FII Holding The promoters held 56.68 per cent stake in the company as of July 07, while FII and MF ownerships stood at 15.38 per cent and 9.9 per cent, respectively.Key Financials With a market capitalisation of Rs 66756.26 crore, the company operates in the Beverages & Distilleries industry. For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 2520.8 crore, down 9.97 per cent from the previous quarter?s Rs 2800.0 crore and down 1.51 per cent from the same quarter a year ago. The company reported net profit of Rs 102.8 crore for the latest quarter, down 43.42 per cent from the corresponding quarter last year.Technical Indicators The relative strength index (RSI) of the stock stands at 60.59.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a
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