United Spirits shares up 1.41% as Nifty drops

NEW DELHI: Shares of United Spirits Ltd. traded 1.41 per cent up in Friday's trade at 01:34PM (IST). Around 25,079 shares changed hands on the counter.

The stock opened at Rs 1002.95 and touched an intraday high and low of Rs 1010.95 and Rs 991.6, respectively, in the session so far. Shares of the company of United Spirits Ltd. quoted a 52-week high of Rs 1050.0 and a 52-week low of Rs 730.9.

As per BSE, the total market cap of the United Spirits Ltd. stood at Rs 72484.15 crore at the time of writing this report.

Key Financials
The company reported consolidated 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 corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2023, DIIs held 10.07 per cent stake in the company, 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 price-to-earnings multiple of 53.82 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. belongs to the Beverages & Distilleries industry.