News for United Spirits Limited (MCDOWELL-N.NS)

The Nifty FMCG fell 10.59% in February, its worst monthly performance since October 2008 when it had declined 16.52% during the Lehman Brothers bankruptcy crisis. The index recorded its longest losing streak in 18 years. On Friday, the index declined 2.62%, underperforming the broader market, where the NSE Nifty 50 fell 1.86%. All 15 constituent stocks ended in the red, leading to a market-cap erosion of Rs 58,402.1 crore in a single day.

Even whatever rally we have got, that being met with a sell-off. Even if we look at the instance of the last two days, we tested the January low with some buying interest; however, this subsequent rise, we witnessed this subsequent rise quickly dissipated and indicating a lack of sustained momentum

Refinitiv StreetEvents Event TranscriptE D I T E D V E R S I O NUNSP.NS - United Spirits LtdQ3 2025 United Spirits Ltd Earnings CallJan 24, 2025 / 10:30AM GMT

Buzzing Stocks Today, Stocks that will see action today: January 23, 2025 - Hindustan Unilever, HUDCO, Waaree Energies, Piramal Pharma, Paras Defence, Bharti Airtel, Laurus Labs, Samman Capital, Shiva Cement, Effwa Infra

The stock quoted a 52-week high price of Rs 1700.00 and low of Rs 1055.65.

Praveen, MD & CEO HT Media, brings extensive leadership experience, including a 24-year tenure at PepsiCo. Hina to move to Global Executive position at Diageo

United Spirits receives ₹1.13 crore GST notice from the Kerala government. The company has decided to appeal to higher authority, as per BSE filing. Shares closed lower on January 8.

A total of 4,309 shares changed hands on the counter till 12:42PM (IST)

Promoters held 0.79 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 16.11 per cent and 11.4 per cent, respectively.

A total of 3,869 shares changed hands on the counter till 10:56AM (IST)

A total of 7,707 shares changed hands on the counter till 12:27PM (IST)

Promoters held 0.79 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 16.11 per cent and 11.4 per cent, respectively.

The Nifty index has formed a Doji candle near its 200-day exponential moving average (DEMA) support at 23,540, indicating uncertainty. Immediate support is at 23,500-23,540, with a break below 23,500 potentially targeting 23,300-23,200. While the short-term trend is down, a pullback rally remains possible if Nifty holds above 23,500, according to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.

Indian alcoholic beverages companies set to see 8-10% revenue growth in FY2025, driven by beer demand and premium products.

MIH India Food Holdings B.V., a subsidiary of Naspers, is the largest shareholder with a 30.95% stake in Swiggy

Domestic equity indices rose on Monday, with the Nifty 50 up 0.34% to 24,936 and the S&P BSE Sensex gaining 0.46% to 81,559. Analysts suggest resistance at 25,000-25,100 and support at 24,800-24,785, with a potential trend reversal if lower support levels are breached.

Derivative market update for Wednesday, August 28: The Nifty September futures premium dipped from Rs 155 to Rs 116 yesterday; while, Bank Nifty futures premium declined to Rs 257 from Rs 328.

Glenmark Life Sciences, Hindustan Unilever, and Lux Industries saw their shares rise as Nifty and Sensex dropped over 3% on Monday. Glenmark soared 6.3%, Lux Industries increased 5.5%, and other stocks like Marico and Britannia posted gains. Market volatility persists amid global economic concerns and geopolitical tensions.

Wall Street on Thursday saw a stark divergence from the previous day as smaller and previously neglected market sectors surged, contrasting with declines among Big Tech giants.