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United Spirits shares fall 4.92% as Nifty drops

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November 10, 2023
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United Spirits shares  fall  4.92% as Nifty  drops
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Shares of United Spirits Ltd. traded 4.92 per cent down at Rs 1042.55 on Friday at around 02:09PM (IST), while the benchmark BSE Sensex advanced 5.79 points to 64837.99.

As many as 131,739 shares changed hands on the counter with a total value of Rs 13.66 crore.

The stock quoted a 52-week high price of Rs 1110.1 and a 52-week low of Rs 730.9.

On the technical charts, the 200-DMA of the stock stood at Rs 897.07, while 50-DMA was at Rs 1038.02. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 18.56 per cent in the past one year, while Sensex has risen 12.49 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 67.07 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Beverages & Distilleries industry.

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Top Trending Stocks: Sensex Today Live, SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

Tags: BSEdropsfallNiftynsesensexsharesspiritsStocks in newsUnitedunited ltdunited spiritsunited spirits ltdUnited Spirits Share Price
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