[ad_1] Every investor in United Spirits Limited (NSE:MCDOWELL-N) should be aware of the most powerful shareholder groups. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. We also tend to see lower insider ownership in companies that were previously publicly owned. United Spirits has a market capitalization…
[ad_1] BANGALORE – A salesman in a liquor store in the Jangpura neighbourhood of New Delhi, known to his regulars as Mr Bhatti, laughed on the phone when asked if they do home delivery. “The government has announced it, but they have not permitted it,” he said, describing succinctly Delhi’s keen but confusing plans to…
[the_ad_group id=”1083″] Key Highlights Radico’s Q4 numbers beat street estimates and spurred the stock further as it trades at record high levels The consistent outperformance vs peers and industry, premiumisation drive and the discount to USL’s shares are some of the positives Mumbai: Radico Khaitan has rewarded its patient investors. After trading in a range…
[ad_1] Investors may wish to note that the Whole Time Director of Radico Khaitan Limited, Krishan Singh, recently netted ₹7.1m from selling stock, receiving an average price of ₹708. It wasn’t a huge sale, but it did reduce their holding by 26%. This does not instill confidence. Radico Khaitan Insider Transactions Over The Last Year…
[ad_1] PUNE: High sugar exports for the second sugar season (SS; October-September) in a row, coupled with increased supplies of ethanol – and at remunerative prices – for blending with petrol, will improve the operating profitability of integrated sugar mills by 75-100 basis points (bps) to 13-14 per cent this fiscal, a CRISIL Ratings analysis…
[ad_1] Radico Khaitan (RKL) in Q4FY21 reported volume growth of 8% (ex-AP impact, double digit volume growth). For FY21, Radico’s volumes have de-grown 8% (compared to a mid-teen de-growth for liquor industry). In Q4FY21, Prestige and Above segment volumes (28% of overall IMFL volumes) grew 15%. RKL reported revenue growth of 19% YoY to Rs….
[ad_1] Excise team raiding one of the illegal kilns of country-made liquor in Barela. Raiding six more illegal kilns of country-made liquor, Excise Department seized 15-litres illegal stock of liquor and destroyed 6,800-kg raw materials in 34 underground containers at the bank of Gaur river, Bhita village and Jaitpuri village in Barela, on Monday. Excise…
[ad_1] Radico Khaitan jumped 7.27% to Rs 694.80, extending gains for the sixth session. The stock has added 13.84% in six sessions, from its recent closing low of Rs 610.50 on 28 May 2021. The scrip surged 8.42% to hit the day’s high at Rs 702.25, which is also a record high for the counter….
[ad_1] UNITED SPIRITS LTD. has reported financial results for the period ended March 31, 2021. Financial Results (Q4 FY20-21) – QoQ Comparison The company has reported total income of Rs.7682.7 crores during the period ended March 31, 2021 as compared to Rs.8429.1 crores during the period ended December 31, 2020. The company has posted net…
[ad_1] Shares of hotels, restaurants and liquor companies rallied up to on the BSE in an otherwise weak market. The hotels and restaurants stocks gained after the Reserve Bank of India (RBI) announced a separate liquidity window of Rs15,000cr, to be opened till March 31, 2022, for contact-intensive sectors. Following the announcements, Indian Hotels, Royal…