United Spirits has entered into an agreement for sale of its entire stake held in subsidiary, Four Seasons Wines along with the brands. The shares are sold to Quintela Assets and Grover Zampa Vineyards, at a total consideration of Rs 31.86 crore. Following the completion of the sale, Four Season Wines will cease to be a subsidiary of the company.

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United Spirits will hold a meeting of the Board of Directors of the Company on 23 January 2019.

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United Spirits Ltd is down for a fifth straight session today. The stock is quoting at 641.45, down 0.41% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.12% on the day, quoting at 10614.15. The Sensex is at 35406.38, up 0.27%.United Spirits Ltd has added around 2.56% in last one month.Meanwhile, Nifty FMCG index of which United Spirits Ltd is a constituent, has increased around 2.91% in last one month and is currently quoting at 29489.3, up 0.27% on the day. The volume in the stock stood at 4.89 lakh shares today, compared to the daily average of 16.54 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 642.65, down 0.38% on the day. United Spirits Ltd tumbled 6.25% in last one year as compared to a 3.39% rally in NIFTY and a 11.75% spurt in the Nifty FMCG index.

The PE of the stock is 69.58 based on TTM earnings ending September 18.

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United Spirits Ltd rose for a fifth straight session today. The stock is quoting at Rs 623.25, up 0.56% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 1.79% on the day, quoting at 10566.2. The Sensex is at 35037.46, up 1.76%. United Spirits Ltd has added around 23.96% in last one month.

Meanwhile, Nifty FMCG index of which United Spirits Ltd is a constituent, has added around 2.33% in last one month and is currently quoting at 28355.1, up 1.61% on the day. The volume in the stock stood at 10.06 lakh shares today, compared to the daily average of 19.49 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 625, up 0.64% on the day. United Spirits Ltd is up 0.5% in last one year as compared to a 1.09% gain in NIFTY and a 11.71% gain in the Nifty FMCG index.

The PE of the stock is 78.27 based on TTM earnings ending June 18.

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