United Breweries (Holdings) reverses recent steep rally on profit booking

United Breweries (Holdings) lost 8.12% to Rs 35.65 at 12:07 IST on BSE on profit booking after surging 50.97% in prior four trading days.

Meanwhile, the BSE Sensex was down 90.80 points, or 0.43%, to 20,797.93

On BSE, so far 3.23 lakh shares were traded in the counter as against an average daily volume of 1.96 lakh shares in the past one quarter.

The stock hit a high of Rs 39.50 and a low of Rs 35.45 so far during the day. The stock had hit a 52-week high of Rs 120.15 on 2 January 2013. The stock hit a 52-week low of Rs 17.85 on 7 August 2013.

The small-cap stock had outperformed the market over the past one month till 2 January 2014, rising 40.83% compared with the Sensex's 0.05% fall. The scrip had also outperformed the market in past one quarter, gaining 50.39% as against Sensex's 7.03% rise.

The company has an equity capital of Rs 66.82 crore. Face value per share is Rs 10.

Shares of United Breweries (Holdings) were on a roll recently, surging 50.97% in four trading days to Rs 38.80 on 2 January 2014 from a recent low of Rs 25.70 on 27 December 2013.

United Breweries (Holdings) reported net profit of Rs 1024.34 crore in Q2 September 2013 as compared to net loss of Rs 17.18 crore in Q2 September 2012. However, including extraordinary items, the company reported net loss of Rs 68.41 crore in Q2 September 2013, higher than net loss of Rs 17.18 crore in Q2 September 2012. Net sales fell 5.7% to Rs 114.34 crore in Q2 September 2013 over Q2 September 2012.

United Breweries (Holdings) is the flagship holding company of the UB Group, through which the promoters and the promoter group hold their stakes in the various companies which comprise the UB Group.

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