Meanwhile, the S&P BSE Sensex was up 370.94 points, or 1.97%, to 19,198.10
A bulk deal of 1.90 lakh shares was struck on the United Spirits counter at Rs 2,312.50 at 14:01 IST on BSE today, 14 June 2013. Bulk deals of 10.64 lakh shares, 6.46 lakh shares and 5.50 lakh shares were also executed on the counter at same price and at about same time. The four bulk deals saw 0.17% of United Spirits' equity stake changing hands.
Multiple bulk deals boosted volume on United Spirits counter. On BSE, 26.55 lakh shares were traded in the counter as against an average daily volume of 2.97 lakh shares in the past one quarter.
The United Spirits stock was volatile. The stock rose as much as 2.3% at day's high of Rs 2,385.95. The stock lost as much as 1.56% at day's low of Rs 2,296. The stock hit a record high of Rs 2,605 on 27 May 2013. The stock had hit a 52-week low of Rs 638.40 on 13 June 2012.
The stock outperformed the market over the past one month till 13 June 2013, falling 0.15% compared with the Sensex's 4.39% fall. The scrip had also outperformed the market in past one quarter, rising 19.07% as against Sensex's 2.77% fall.
The large-cap liquor manufacturer has an equity capital of Rs 145.33 crore. Face value per share is Rs 10.
UK-based alcohol giant Diageo PLC's mandatory open offer to acquire an additional 26% in United Spirits at an offer price of Rs 1,440 per share closed on 26 April 2013. The company accepted bids for 58,668 shares as against proposed open offer size of 3.77 crore shares.
As per an agreement reached between Diageo and the UB group in November 2012, Diageo agreed to acquire a 27.4% stake in United Spirits -- partly by acquiring shares directly from the promoter entities of the United Breweries group and partly by way of subscribing to a preferential share issue of United Spirits. The agreement triggered a mandatory open offer from Diageo to acquire additional 26% shares in United Spirits as per the Securities & Exchange Board of India's takeover norms.
United Spirits' net profit jumped 459.4% to Rs 56 crore on 14% growth in total income to Rs 2141.32 crore in Q4 March 2013 over Q4 March 2012.
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