United Spirits shares up 0.56% as Nifty gains
United Spirits Ltd. traded 0.56 per cent up in Friday's trade at 01:19PM (IST).
Around 20,853 shares changed hands on the counter.
The stock opened at Rs 1014.8 and touched an intraday high and low of Rs 1026.4 and Rs 1002.6, respectively, in the session so far. Shares of the company of United Spirits Ltd.
quoted a 52-week high of Rs 1073.2 and a 52-week low of Rs 730.9.
As per BSE, the total market cap of the United Spirits Ltd. stood at Rs 74469.82 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 5830.1 crore for the quarter ended 30-Jun-2023, up 131.28 per cent from previous quarter's Rs 2520.8 crore and up 138.42 per cent from the year-ago quarter's Rs 2445.3 crore.
The net profit for latest quarter stood at Rs 476.7 crore, up 79.08 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 10.07 per cent stake in the firm, while foreign institutional investors held 15.92 per cent and the promoters 0.8 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 55.29 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.
