United Spirits shares drop 2.52% as Sensex falls
United Spirits Ltd. traded 2.52 per cent down at Rs 1059.3 at 02:05PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 370.91 points to 66057.18.
The stock had closed at Rs 1086.7 in the previous session.
The stock quoted a 52-week high price of Rs 1097.4 and 52-week low of Rs 730.9, respectively. As per BSE data, total traded volume on the counter till 02:05PM (IST) stood at 43484 shares with a turnover of Rs 4.61 crore.
At the prevailing price, shares of the company traded at 57.06 times its trailing 12-month earnings per share of Rs 18.52 per share and 9.17 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.06.
Shareholding Details
Promoters held 0.8 per cent stake in the company as of 30-Jun-2023, while FIIs owned 15.92 per cent and DIIs 10.07 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 57.29. The RSI oscillates between zero and 100.
