United Spirits rises 0.5% as Sensex slides

Shares of United Spirits Ltd. traded at Rs 871.4 on BSE at 10:57AM (IST) on Wednesday, up 0.5 per cent from previous close.

The scrip quoted a 52-week low price of Rs 712.3 and a high of Rs 951.95.

Earlier, the stock saw a gap up opening in the morning.

A total of 3,606 lakh shares changed hands on the counter till 10:57AM (IST).

The stock of United Spirits Ltd. commanded a market value of Rs 63450.45 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 55.84, while the price-to-book value ratio stood at 9.17. Return on equity (ROE) was at 18.93 per cent, according to exchange data.

In the BSE500 pack, 245 stocks traded in the green, while 256 stocks were in the red.

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

Promotor/FII Holding
Promoters held 0.8 per cent in United Spirits Ltd. as of 31-Mar-2023 while foreign and domestic institutional investors owned 15.38 per cent and 9.9 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 824.21 on May 31, while the 50-DMA was at 784.95. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.