Popular Chennai-based value investor D. Muthukrishnan in a tweet on Friday said he sees United Spirits Limited MCDOWELL emerging as a “huge wealth creator” by 2030.
About The Company: United Spirits is an alcoholic beverages company and the name behind the popular whiskey brand McDowell’s No.1. It trades under the name of Diageo India.
The British alcoholic beverages company Diageo began acquiring a stake in United Spirits in May 2013 in tranches, with a stake above 50% by 2014, making it the largest stakeholder.
Stock Performance: United Spirits’ share price was up 6.45% at the time of writing on Friday at ₹1037.95 after the company reported upbeat earnings, with an 82% year-on-year rise in consolidated net profit at ₹476.7 crore for the first quarter. The stock has a 52-week low of ₹730.55 and 52-week high of ₹1,044.
Get all the latest Share Market trends and news to set you up for the week ahead.
Since the start of 2023, the McDowell-maker’s share price is up nearly 20%.
Don’t miss from today: This Small Cap Stock Is Up 300% In A Year And Ashish Kacholia Just Raised His Stake
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.