United Spirits fell 2.68% to Rs 2,053 at 14:12 IST on BSE on profit booking after a recent rally.
Meanwhile, the BSE Sensex was up up 32.02 points, or 0.12%, to 27,289.66.On the BSE, so far 1.03 lakh shares were traded in the counter, compared with average daily volumes of 31,081 shares in the past one quarter. The stock had hit a high of Rs 2,147.45 and a low of Rs 2,045.90 so far during the day.
The stock hit a 52-week high of Rs 2,864.75 on 25 January 2016. The stock hit a 52-week low of Rs 1,775.05 on 22 November 2016.
The large-cap company has equity capital of Rs 145.33 crore. Face value per share is Rs 10.
Shares of United Spirits rose 10.40% in the four trading sessions to settle at Rs 2109.60 yesterday, 18 January 2017, from its close of Rs 1910.75 on 12 January 2017.
Shares of United Spirits rose 1.43% to Rs 2,109.60 yesterday, 18 January 2017, after media reported that Diageo Plc is considering increasing its majority stake in Indian whiskey producer United Spirits. Diageo is reportedly planning an open offer to the other shareholders in United Spirits.
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Relay B.V., an indirect wholly-owned subsidiary of Diageo Plc, holds 54.78% stake in United Spirits (as per the shareholding pattern as on 31 December 2016). Under Indian stock market regulations, Diageo could raise its stake to just under 75% without triggering a delisting offer.
Diageo gained complete control of the board of United Spirits post the exit of Dr Vijay Mallya from his position as chairman and non-executive director of United Spirits in February 2016.
Net profit of United Spirits rose 15.9% to Rs 82.54 crore on 7.7% rise in net sales to Rs 2037.70 crore in Q2 September 2016 over Q2 September 2015.
United Spirits makes alcoholic beverages. It is a subsidiary of British multinational Diageo plc.
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