United Spirits Declines 0.71% as Sensex Slides

United Spirits Declines 0.71% as Sensex Slides

Shares of United Spirits Ltd traded at Rs 900.1 on the Bombay Stock Exchange (BSE), experiencing a decline of 0.71% from the previous close. The stock recorded a 52-week low of Rs 730.9 and a 52-week high of Rs 951.95. As of 01:11 PM, a total of 16,109 lakh shares had been traded. The market value of United Spirits Ltd was evaluated at Rs 65,501.58 crore on the BSE. The stock had a price-to-earning (P/E) multiple of 57.64 and a price-to-book value ratio of 9.17. According to the data from the exchange, the return on equity (ROE) for United Spirits Ltd was at 18.93%. In the BSE500 pack, 276 stocks traded in the green, while 225 stocks were in the red. The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.06. As of March 31, 2023, the promoters held a 0.8% stake in United Spirits Ltd, while overseas and domestic institutional investors held 15.38% and 9.9% respectively. The 200-day moving average (DMA) for the stock stood at 832.4 on June 26, while the 50-DMA was at 831.56. If a stock trades below both the 50-DMA and 200-DMA, it usually indicates an upward trend, and if it trades above both, it indicates a bearish trend. If it trades between the two moving averages, it suggests that the stock can go either way. Investors can download The Economic Times News App for daily market updates and live business news.

TIS Staff

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