United Spirits high on post-lockdown party; stock jumps over 7%

Its share price has risen 44% in 2021, against 21% rise in BSE FMCG index

United Spirits (USL) was one of the top gainers on the bourses on Thursday, with the country’s largest alcoholic beverage maker’s share price rising 7.2 per cent, against a 1.6 per cent rise in the benchmark BSE Sensex.

In fact, USL’s share price has risen 16 per cent so far in September, outperforming both the broader market and its FMCG peers by a big margin. In comparison, the Sensex has risen 4.1 per cent this month, while BSE FMCG index is up 4.6 per cent.

The performance has been equally strong from the beginning of 2021, as USL’s share price has jumped