United Breweries Ltd Share Price – NSE  / BSE

Alcoholic Beverages, Small Cap

United Breweries (UBL) has launched its iconic premium beer, Amstel Grande, in West Bengal. This marks the beginning of a new chapter in India's premium beer segment, blending UBL's brewing expertise with Amstel's 150-year heritage from Amsterdam.

Speaking about the launch in West Bengal, Vikram Bahl, Chief Marketing Officer of United Breweries, said, We are delighted to introduce Amstel Grande, a premium strong beer designed to cater to the sophisticated preferences of Indian consumers. West Bengal has always been a significant market for UBL, and we are now excited to expand our portfolio with this premium offering in the region and we aim to make it the preferred choice for premium beer enthusiasts.

Amstel Grande is now available in West Bengal, competitively priced at Rs 110 for a 330ml bottle and Rs 210 for a 650ml bottle, and is accessible at leading outlets across the state.

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United Breweries Ltd rose for a fifth straight session today. The stock is quoting at Rs 1930.6, up 0.23% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 1.01% on the day, quoting at 24030.45. The Sensex is at 79346.41, down 1.11%. United Breweries Ltd has dropped around 0.02% in last one month.

Meanwhile, Nifty FMCG index of which United Breweries Ltd is a constituent, has dropped around 2.37% in last one month and is currently quoting at 58028.6, down 0.39% on the day. The volume in the stock stood at 1.86 lakh shares today, compared to the daily average of 1.91 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 1933.75, up 0.34% on the day. United Breweries Ltd is up 17.19% in last one year as compared to a 19.57% gain in NIFTY and a 9.62% gain in the Nifty FMCG index.

The PE of the stock is 108.17 based on TTM earnings ending September 24.

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United Breweries Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1874.85, down 0.4% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.United Breweries Ltd has eased around 10.02% in last one month.Meanwhile, Nifty FMCG index of which United Breweries Ltd is a constituent, has eased around 9.2% in last one month and is currently quoting at 56902.55, down 0.47% on the day. The volume in the stock stood at 27491 shares today, compared to the daily average of 2.27 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 1859.05, down 0.56% on the day. United Breweries Ltd jumped 20.5% in last one year as compared to a 20.25% rally in NIFTY and a 8.11% spurt in the Nifty FMCG index.

The PE of the stock is 105.67 based on TTM earnings ending September 24.

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The key equity benchmarks traded with decent gains in early trade. The Nifty traded above the 24,400 level. FMCG, pharma and financial services advanced while consumer durables, metal and realty shares declined.

At 09:30 IST, the barometer index, the S&P BSE Sensex, added 158.58 points or 0.20% to 80,224.66. The Nifty 50 index rose 37.35 points or 0.15% to 24,436.75.

In the broader market, the S&P BSE Mid-Cap index rose 0.42% and the S&P BSE Small-Cap index added 0.58%.

The market breadth was positive. On the BSE, 1,042 shares rose and 1,654 shares fell. A total of 117 shares were unchanged.

Foreign portfolio investors (FPIs) sold shares worth Rs 5,062.45 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,620.47 crore in the Indian equity market on 23 October 2024, provisional data showed.

Numbers to Track:

The yield on India's 10-year benchmark federal paper shed 0.01% to 6.934 as compared with previous close 6.935.

In the foreign exchange market, the rupee was flat against the dollar. The partially convertible rupee was hovering at 84.0750.

MCX Gold futures for 31 October 2024 settlement lost 0.35% to Rs 78,055.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.02% to 104.08.

The United States 10-year bond yield shed 0.26% to 4.190.

In the commodities market, Brent crude for December 2024 settlement gained 17 cents or 0.23% to $74.55 a barrel.

Stocks in Spotlight:

United Breweries shed 0.36%. The company’s consolidated net profit jumped 23% YoY to Rs 132.33 crore during the quarter. Revenue from operations (excluding excise duty) increased 12.01% YoY to Rs 2,114.68 crore in Q2 FY25.

Radico Khaitan jumped 6.13% after the company’s consolidated net profit jumped 25% to Rs 81 crore on 20% increase in revenue from operations (excluding excise duty) to Rs 1,116.30 crore in Q2 FY25 over Q2 FY24.

Global Markets:

Most Asian stocks rose on Friday, mirroring a slightly positive close on Wall Street. However, Japanese shares declined in anticipation of a hotly contested general election this Sunday. Concerns about potential currency market intervention by the Japanese government, as the yen approached three-month lows, also weighed on sentiment.

Soft inflation data further pressured the yen. The October headline Tokyo Consumer Price Index (CPI) rose 1.8% year-over-year (YoY), compared to 2.2% in the previous month, according to the Statistics Bureau of Japan.

U.S. equities were mixed on Thursday as investors prepared for a series of major tech earnings reports. Rising geopolitical tensions in the Middle East, with Israel threatening a strike against Iran, also dampened risk appetite. The Dow Jones Industrial Average fell 0.33%, while the S&P 500 rose 0.21%, and the NASDAQ Composite gained 0.76%.

Tesla led the broader market index, surging nearly 22% after reporting third-quarter results that exceeded expectations. This marked its best day since 2013. Whirlpool and UPS also climbed after posting strong results.

IBM dragged down the Dow, falling over 6% as its consulting revenue narrowly missed estimates. Boeing slipped 1.2% after its machinists rejected a new labor contract.

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