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.
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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.
Since the start of 2023, the McDowell-maker’s share price is up nearly 20%.
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