United Spirits Ltd Sees Stock Growth: Key Facts and Updates

Explore the rise of United Spirits Ltd. stocks, key financials, shareholding patterns, and valuation ratios. Discover what makes this beverage giant appealing to investors!

a broker reacts while trading at his computer terminal at a stock brokerage firm in mumbai 1

NEW DELHI: The stock price of United Spirits Ltd. rose by 1.77% during trading on Friday, reaching Rs 1570.35. By 11:55 AM (IST), about 3,293 shares had been bought and sold. The stock hit a high of Rs 1579.95 and a low of Rs 1541.55 during the day.

United Spirits’ shares have experienced a 52-week high of Rs 1700.00 and a low of Rs 1055.65. The company’s total market value at this time is Rs 112,448.44 crore.

Key Financial Highlights:
For the quarter ending September 30, 2024, the company reported net sales of Rs 2,898 crore, which is a 3.65% increase from the previous quarter and a slight 0.33% decrease from the same quarter last year. The net profit for this latest quarter was Rs 341 crore, which is up 0.5% compared to last year.

Shareholding Information:
As of September 30, 2024, domestic institutional investors owned 11.4% of the company, foreign institutional investors held 16.11%, and promoters had 0.79%.

Valuation Details:
According to NiftyStat data, the stock is valued at a P/E ratio of 79.35 and a price-to-book ratio of 11.55. A high P/E ratio indicates that investors expect good growth in the future. The price-to-book value shows how much investors are willing to pay, even if the company isn’t growing.

United Spirits Ltd. is part of the Beverages and Distilleries sector.

Comments

Leave a Reply