India's United Spirits hits record high on Q1 profit beat

United Spirits

24/07/2024 06:57

** Shares of United Spirits  UNSP.NS  up 5.7% to a record high
of 1,407.5 rupees; top percentage gainer on Nifty FMCG index
 .NIFTYFMCG , which is down 0.5%
    ** Co reported Q1 profit above estimates on Tuesday, helped
by strong demand for its premium alcohol brands
    ** UNSP eyes busiest trading session since late-May, with
over 4.3 mln shares traded
    ** Analysts' avg rating on stock is "Hold", in-line with
United Breweries  UBBW.NS , while Radico Khaitan  RADC.NS  is
rated "Buy" - LSEG data
    ** Including session's gains, UNSP is up ~26% YTD vs ~14%
rise in UBBW and 4% jump in RADC

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))