Skip to main content

Liquor stocks in focus; United Spirits, Pioneer Distilleries hit 52-wk high

Shares of breweries & distilleries’ companies were focused on Wednesday with United Breweries (UBL), Pioneer Distilleries, Globus Spirits, United Sprits and GM Breweries ralling up to 11 per cent on the BSE within the intra-day trade on a faster volume recovery as multiple states started imposing lockdowns. as compared , the S&P BSE Sensex was up 0.31 per cent at 55,967 points at 12:25 pm.

Among individual stocks, Pioneer Distilleries hit a fresh 52-week high of Rs 143.90, surging 11 per cent today on the rear of heavy volumes. Meanwhile, UBL was up 7 per cent at Rs 1,509.60, and was trading on the brink of its 52-week high level of Rs 1,537.65 touched on August 3, 2021.

also soared 9 per cent to Rs 719.05 and hit a 52-week high on the BSE, supported by a seven-fold jump in trading volumes. United Spirits is one among the country’s leading beverage alcohol companies and a subsidiary of worldwide leader Diageo PLC. the corporate manufactures, sells and distributes premium brands like Johnnie Walker, Black Dog, Black & White, Vat 69, Antiquity, Signature, Royal Challenge, McDowell’s No1, Smirnoff, and Captain Morgan.

The outlook for the Indian alcoholic beverages continues to stay positive thanks to favorable demographics, expanding bourgeoisie , rising income levels, greater preference for premium food and drink experiences, and greater acceptance of alcoholic beverages in social circles. Increased consumption of liquor in rural areas are going to be another major reason for the expansion within the market, analysts say.

Although the typical per adult intake of alcohol is considerably low in India in comparison to other countries like the us , drinkers among young Indians are more prevalent. This provides tremendous opportunity to drive growth of Alcobev industry on the rear of its rising working-age population. it’s expected that per capita consumption will increase with changes in lifestyle and aspiration of the population,” United Spirits said in fiscal year 2020-21 annual report.

The company further said it’s on target to deliver on its medium-term goal of delivering double-digit topline growth and achieve mid-high teens Ebitda margins led by better pricing and price optimization. The company’s advance focus towards the franchisee model within the Popular segment with successful implementation in 13 states had been well received and an extra strategic review has been initiated.

That apart, Globus Spirits gained 5 per cent to quote at Rs 950 on the BSE. The stock had hit a record high of Rs 987.40 on August 16, 2021. within the past three months, it’s zoomed nearly 200 per cent as against an 11.4 per cent rise within the S&P BSE Sensex. Currently, the stock is trading under the T group on the BSE. within the T2T segment, each trade has got to end in delivery and no intra-day netting of positions is allowed.

On August 12, 2021, promoter Ram Bagh Facility Services LLP bought a further 162,000 shares of Globus Spirits at Rs 862.05, while future Equity Fund purchased 175,000 shares of the corporate at Rs 862.05 per share on NSE through bulk deals, exchange data shows. International Assets Reconstruction Company Private Limited sold 337,000 shares of Globus Spirits at Rs 862.05 per share, data shows.

Earlier, on August 11, International Assets Reconstruction Company Private Limited had sold 1.08 million shares of Globus Spirits at Rs 822.90 per share. Massachusetts Institute of Technology (900,000 shares) and 238 Plan Associates LLC (180,000 shares) had bought shares at price of Rs 822.90 per share vial bulk deals, data shows


Popular posts from this blog

SEBI restrains Poonawalla Fincorp MD, 7 others

The Securities and Exchange Board of India (SEBI) has barred Abhay Bhutada, director of Poonawalla Finance, and 7 others from accessing the stock exchange after alleged trading . In a 46-page interim order, SEBI said the eight entities had made total wrongful gains of Rs 13.58 crore through trading in shares of Magma Fincorp (now Poonawalla Fincorp) round the time it had been acquired by Rising Sun Holdings (RSHPL). All the Entities, viz: Entity nos. 1 to eight are restrained from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever until further orders,” the market regulator said witin the interim ex-parte order. RSHPL had earlier this year acquired a controlling stake within the NBFC through an equity infusion of Rs 3,456 crore. Bhutada was director and CEO of Poonawalla Finance, a subsidiary of RSHPL. Bhutada allegedly passed on unpublished price sensitive information (UPSI) to some connected entities, consistent with SEBI’s interim order

What should you know about Redeeming Mutual Funds?

The world of mutual funds is really tricky if you are not focused.   It is not rocket science but you have to be dedicated so as to make the most of your investments.   Whether to invest in ELSS, SIP or other schemes; the choices is always yours. It is always better to go through the option before you make the decision. If you are thinking How to redeem mutual funds online then the good news is that the process is quite easy. And on the basis of the kind of mutual fund you hold, money can get credited to your bank account in a maximum of four to five working days after you submit a redemption request to that specific fund house. How can an investor redeem mutual fund units? A unit of a mutual fund can get redeemed on any business day. In the physical mode, investors might require to fill in the requisite transaction slip and it can be download from the fund house website or that of detach from the bottom of your account statement.   The redemption application could get submitted

Invest your money to get good returns

Money is everything which one needs to enjoy life. In everyone’s life, money can never be sufficient at any stage. Therefore every individual wants to save money and to invest that saved money to get high returns. Investing money on the right platform is not easy with an increase in companies of investment. There are many duplicate companies present in the market which promises to give high returns, and after investment, they cheat on you. One needs to check the company profile before investing the money. Every investor looks for an option where he gets high returns on low risk or moderate risk.   Each shareholder also wants that the company where he is going to invest, is flexible and transparent. Thus the company which satisfy all these points is only mutual fund. Mutual fund: A mutual fund is an investment company with a very reputed name in the share market. A mutual fund is known for its transparency, flexibility, returns and for interesting offers. There is a number of invest