Shares of United Spirits fall as Nifty gains

Shares of United Spirits Ltd. slipped 5.5 per cent to Rs 981.65 in Monday's trade as of 02:04PM (IST). It hit a high of Rs 1050.0 and low of Rs 975.0 during the session.

The stock quoted a 52-week high price of Rs 1050.0 and a low of Rs 730.9. The return on equity for the stock stood at 18.93 per cent. About 170,533 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.06.

The scrip has been an underperformer, up 16.34 per cent in the past one year in comparison with a 20.44 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 730.9 on July 24, while the 50-DMA was at Rs 894.02. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 0.8 per cent stake in United Spirits Ltd. as of 30-Jun-2023. Mutual funds and foreign institutional investors held 10.07 per cent and 15.92 per cent stake.