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      United Breweries hits roof after robust Q1 results

      MoM Team / Mumbai, Sep 29, 2016 12:11 PM IST

        United Breweries hits roof after robust Q1 results

        United Breweries (Holdings) hit an upper circuit limit of 10 percent to Rs 46.80 on BSE after net profit surged 1270.70 percent to Rs 29.47 crore on 34.14 percent increase in total income from operations to Rs 96.23 crore in Q1 June 2016 over Q1 June 2015.

        The result was announced after market hours yesterday, 28 September 2016.

        Meanwhile, the BSE Sensex was down 2.59 points, or 0.01 percent, to 28,290.22.

        On BSE, so far 9.37 lakh shares were traded in the counter, compared with average daily volume of 1.68 lakh shares in the past one quarter. The stock hit a low of Rs 44.65 in intraday trade. The stock hit a 52-week high of Rs 48.70 on 20 September 2016. The stock hit a 52-week low of Rs 18.10 on 30 May 2016.

        The stock had outperformed the market over the past 30 days till 28 September 2016, rising 43.99 percent compared with 0.18 percent rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 79.92 percent as against Sensex's 4.79 percent rise.

        The small-cap company has equity capital of Rs 66.82 crore. Face value per share is Rs 10.

        United Breweries (Holdings) is the flagship holding company of the UB Group, through which the promoters and the promoter group hold their stakes in the various companies which comprise the UB Group.


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      Source: Capital Market



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