Mumbai, March 22, 2024: United Spirits Ltd (USL) saw a notable uptick today, with its shares rising by 1.81% to Rs 1130 on the National Stock Exchange (NSE) as of 12:49 IST. Over the past year, the company’s stock has demonstrated impressive growth, marking a surge of 46.99%, outperforming the NIFTY which recorded a 29.37% increase and the Nifty FMCG index which saw an 18.61% uptick.
This marks the third consecutive session of gains for United Spirits Ltd. Simultaneously, the NIFTY is up by approximately 0.36%, standing at 22091.6, while the Sensex rose to 72819.71, up by 0.25%. However, United Spirits Ltd witnessed a slight decline of around 3.09% over the past month.
In comparison, the Nifty FMCG index, in which United Spirits Ltd is a constituent, experienced a downturn of about 1.19% over the last month, currently standing at 53338.35, with a daily increase of 0.67%. Today’s trading activity saw 4.79 lakh shares of United Spirits Ltd changing hands, slightly below the 6.91 lakh shares traded on average over the past month.
The March futures contract for United Spirits Ltd is currently valued at Rs 1131.8, marking a 1.88% increase for the day. With a Price-to-Earnings (PE) ratio of 71.44, based on Trailing Twelve Months (TTM) earnings ending December 23, the company’s performance continues to draw attention from investors.
