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United Spirits shares up 0.3% as Nifty gains

Updated at : 2023-08-21 13:25:01

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A total of 11,467 shares changed hands on the counter till time (IST).

The auto, O&G, and banks (private and PSU) are expected to be the key growth drivers with 77%, 56%, and 30% YoY earnings growth, respectively, and are likely to contribute 71% to earnings growth.

Avenue Supermart shares gain 0.4% as Sensex rises

Updated at : 2023-08-21 13:25:01

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The stock quoted a 52-week high of Rs 4606.0 and a 52-week low of Rs 3292.65.

"Value does not mean it is cheap. You know, it is about whether you are getting good companies at a reasonable price and that is what our focus has been right from the beginning and we will never buy something just because it is cheap. At times, cheapness or value can be a trap."

Bitcoin has taken multiple supports in the past at the crucial level of $25,000 (Horizontal trendline & 50% Fibonacci Retracement). This time too, the prices have bounced slightly after testing the support and the lower longer shadow indicates buying around these levels.

​So this kind of a product mix and an ability to give a wider range of product in large number of branches have helped us. So overall, we believe that this is going to continue for some time but our long term guidance of 15% CAGR would remain.

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Promoters held 68.66 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 8.21 per cent and 7.01 per cent, respectively.

Housing and Urban Development Corporation, incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 14743.99 Crore) operating in NBFC sector.

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As of 30-Jun-2023, promoters held 0.0 per cent stake in the company, while FIIs held 7.59 per cent and domestic institutional investors had 3.28 per cent.

While the listing of Jio Financial is done, investors will be keen to know the game plan for the company in the fast growing financial services industry in the upcoming AGM.

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