United Spirits Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 47663.87 Crore) operating in Beverages – Alcoholic sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1729.50 Crore, down -22.62 % from last quarter Total Income of Rs 2235.00 Crore and up 66.76 % from last year same quarter Total Income of Rs 1037.10 Crore. Company reported net profit after tax of Rs 50.30 Crore in latest quarter.
Investment Rationale
The stock has resumed the uptrend after breaking out of a narrow consolidation pattern on good volumes. Technical indicator RSI has turned upwards after forming a positive divergence, confirming the bullishness.
Promoter/FII Holdings
Promoters held 56.8 per cent stake in the company as of Dec 30, 2020, while FIIs held 19 per cent, DIIs 9.8 per cent and public and others 14.5 per cent.
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