Wednesday, 31 May 2017

United Spirits jumps 7%; JP Morgan overweight on stock, target Rs 2460

Make sure your Financial advisers worth their fees here we’re letting you know us more who we actually so click here to TRADE UP >>

Shares of United Spirits jumped close to 8 percent in the morning trade on the BSE on Wednesday hitting Rs 2249.15. United Spirits CEO Anand Kripalu said that the company has delivered a strong set of results with 4 percent net sales growth, despite a subdued economic environment due to demonetization as well as the run up to the highway ban.

Net sales during the quarter under review stood at Rs 6,474.2 crore as against Rs 5,930.9 crore in the year-ago period, up 9.16 percent.

For the fiscal ended March 31, 2017, USL reported a net profit of Rs 169.9 crore as compared to Rs 121.9 crore in the 2015-16 fiscal, up 39 percent.

No comments:

Post a Comment