United Spirits Share Price: Share price of United Spirits falls as Sensex gains 662.07 points

The share price of United Spirits Ltd. dropped 0.13 per cent to Rs 1110.15 at 02:08PM (IST) in Monday’s trade. The counter has hit a high of Rs 1113.6 and low of Rs 1085.35 so far during the session. The stock had closed at Rs 1111.65 in the previous session.

The counter has had a total traded volume of 51236 shares so far with a value of Rs 5.64 crore on the NSE. It traded at a price-to-earnings multiple of 71.53 and a price-to-book ratio of 9.17.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 31.22 per cent during the past one year, while the 30-share index advanced 21.84 per cent during the same period.

United Spirits Ltd. belongs to the Beverages & Distilleries industry.

Promotor/FII Holding
Promoters held 0.79 per cent stake in the company as of 30-Sep-2023, while overseas investors and domestic institutional investors ownership stood at 16.51 per cent and 9.96 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 6776.6 crore for the quarter ended 30-Sep-2023, up 16.23 per cent from the previous quarter’s Rs 5830.1 crore and up 132.19 per cent from the year-ago quarter’s Rs 2918.6 crore.

Profit for the latest quarter stood at Rs 339.3 crore, down 38.65 per cent from the same quarter a year ago.