United Spirits Surges Amid Quarterly Profit Jump
United Spirits Ltd shares ended flat after initial losses, following a significant profit rise in the December quarter. The company's stock fluctuated but managed to recover. United Spirits reported a 24.77% increase in profits, with revenue from operations also seeing an increase.
- Country:
- India
Shares of United Spirits Ltd experienced a volatile session on Wednesday, trimming early losses to end flat after the company reported a substantial rise in quarterly profits.
The firm's stock initially dropped by 3.23 percent but later recovered, closing marginally higher on both the NSE and the BSE.
United Spirits reported a 24.77 percent profit increase for the December quarter, along with a 2.71 percent rise in revenue. Despite broader market declines, United Spirits' financial performance appeared strong.
Advertisement
ALSO READ
-
Foreign Investments Revitalize Indian Stock Market: Indices Surge as Investor Optimism Grows
-
Bullish Start: Indian Stock Markets Rally Amid US Trade Deal
-
Asian Stock Market Revival: Post-Correction Optimism
-
Stock Market Dynamics: Global Trends and Geopolitical Shifts
-
Navigating the Storm: AI's Impact on U.S. Software Stock Market
Google News