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United Spirits slips on profit booking

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Capital Market
Last Updated : Mar 25 2014 | 12:01 AM IST

United Spirits fell 2.30% to Rs 2,634.45 at 13:28 IST on BSE on profit booking after the stock rose 9.35% in the preceding five trading sessions to Rs 2,696.40 on 22 March 2014, from a recent low of Rs 2,465.95 on 14 March 2014.

Meanwhile, the BSE Sensex was up 270.63 points, or 1.24%, to 22,025.95.

On BSE, so far 84,000 shares were traded in the counter, compared with an average volume of 1.48 lakh shares in the past one quarter.

The stock hit a high of Rs 2,732.10 and a low of Rs 2,612.95 so far during the day. The stock hit a record high of Rs 2,816.35 on 10 January 2014. The stock hit a 52-week low of Rs 1,708.20 on 5 April 2013.

The stock had outperformed the market over the past one month till 22 March 2014, rising 13.97% compared with the Sensex's 5.09% rise. The scrip had, however, underperformed the market in past one quarter, rising 0.97% as against Sensex's 3.20% rise.

The large-cap company has an equity capital of Rs 145.33 crore. Face value per share is Rs 10.

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United Spirits' net profit declined 19.4% to Rs 64.92 crore on 5.22% growth in total income to Rs 2351.49 crore in Q3 December 2013 over Q3 December 2012.

United Spirits is the largest alcohol beverage company in India, having sold 123.70 million cases in the year ended 31 March 2013.

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First Published: Mar 24 2014 | 1:32 PM IST

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