Friday, February 15, 2013
United Breweries Surges
Meanwhile, the BSE Sensex was down 70.85 points or 0.36% at 19,426.33.
On BSE, 2.02 lakh shares were traded in the counter as against average daily volume of 2.84 lakh shares over the past one quarter.
The stock hit a high of Rs 682 and a low of Rs 655 so far during the day. The stock had hit a record high of Rs 1,023.30 on 5 December 2012. The stock had hit a 52-week low of Rs 429 on 27 February 2012.
The stock had underperformed the market over the past one month till 14 February 2013, sliding 19.89% compared with the Sensex's 2.06% fall. The scrip had also underperformed the market in past one quarter, declining 25.75% as against Sensex's 4.72% rise.
The large-cap company has equity capital of Rs 26.44 crore. Face value per share is Re 1.
United Breweries after trading hours on Thursday, 14 February 2013, said that the company is the owner of the Kingfisher brand which is registered under the respective Trademark classes pertaining to alcoholic beverages and that the brand Kingfisher has not been hypothecated/pledged by the company to any lender to secure loans. The company made this announcement while clarifying its position with regard to media reports on the Kingfisher brand. United Breweries also said that no shares of the company are pledged with the lenders of Kingfisher Airlines.
Both United Breweries and Kingfisher Airlines belong to the Vijay Mallya's UB group. Kingfisher Airlines has been grounded since 1 October 2012, first because of staff protests against unpaid salaries and thereafter because of regulatory issues. Its flying licence expired on 31 December 2012, although that can be revived through a re-application.
United Breweries' net profit rose 17.1% to Rs 33.52 crore on 18.1% decline in net sales to Rs 771.20 crore in Q3 December 2012 over Q3 December 2011.
United Breweries is the flagship company of UB Group. With its flagship brand Kingfisher, the company is market leader in beers in India. CLICK HERE.