United Spirits shares gain 0.55% as Sensex falls

Shares of United Spirits Ltd. traded 0.55 per cent higher in Friday's session at 10:40AM (IST). The stock opened at Rs 1045.05 and has touched an intraday high and low of Rs 1060.45 and Rs 1045.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1073.2 and a 52-week low of 730.9. About 5,808 shares changed hands on the counter so far.

Benchmark Nifty50 was down 102.1 points at 19691.9, while the BSE Sensex traded 348.34 points lower at 66060.05 at the time of writing of this report.

In the Nifty pack, 16 stocks traded the day in the green, while 33 were in the red.


Key Financials
For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 5830.1 crore, up 131.28 per cent from the previous quarter's Rs 2520.8 crore and up 138.42 per cent from the year-ago quarter. The company reported net profit of Rs 476.7 crore for the latest quarter.

Promoter Holdings
Promoters held 56.68 per cent stake in the company as of 30-Jun-2023, while FIIs held 15.92 per cent and MFs 10.07 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 879.07 on October 13, while the 50-DMA was at Rs 1020.26. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.