United Spirits shares drop 0.62% as Sensex rises

economictimes.indiatimes.com:

United Spirits Ltd. traded 0.62 per cent lower in Thursday's session at 01:39PM (IST). The stock opened at Rs 1269.45 and has touched an intraday high and low of Rs 1277.5 and Rs 1262.3, respectively, during the session so far.
The stock quoted a 52-week high of Rs 1334.05 and a 52-week low of 891.05. About 9,967 shares changed hands on the counter so far.

Benchmark Nifty50 was up 53.8 points at 24340.3, while the BSE Sensex traded 177.55 points higher at 80164.35 at the time of writing of this report.
In the Nifty pack, 27 stocks traded the day in the green, while 23 were in the red.

Key Financials For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 2894.0 crore, 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. The company reported net profit of Rs 241.0 crore for the latest quarter.
Promoter Holdings Promoters held 56.67 per cent stake in the company as of 31-Mar-2024, while FIIs held 16.68 per cent and MFs 10.12 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1122.56 on July 04, while the 50-DMA was at Rs 1227.14. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.