United Breweries Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1874.85, down 0.4% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.United Breweries Ltd has eased around 10.02% in last one month.Meanwhile, Nifty FMCG index of which United Breweries Ltd is a constituent, has eased around 9.2% in last one month and is currently quoting at 56902.55, down 0.47% on the day. The volume in the stock stood at 27491 shares today, compared to the daily average of 2.27 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 1859.05, down 0.56% on the day. United Breweries Ltd jumped 20.5% in last one year as compared to a 20.25% rally in NIFTY and a 8.11% spurt in the Nifty FMCG index.The PE of the stock is 105.67 based on TTM earnings ending September 24.Powered by Capital Market - Live

The key equity benchmarks traded with decent gains in early trade. The Nifty traded above the 24,400 level. FMCG, pharma and financial services advanced while consumer durables, metal and realty shares declined. At 09:30 IST, the barometer index, the S&P BSE Sensex, added 158.58 points or 0.20% to 80,224.66. The Nifty 50 index rose 37.35 points or 0.15% to 24,436.75. In the broader market, the S&P BSE Mid-Cap index rose 0.42% and the S&P BSE Small-Cap index added 0.58%. The market breadth was positive. On the BSE, 1,042 shares rose and 1,654 shares fell. A total of 117 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 5,062.45 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,620.47 crore in the Indian equity market on 23 October 2024, provisional data showed. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.01% to 6.934 as compared with previous close 6.935. In the foreign exchange market, the rupee was flat against the dollar. The partially convertible rupee was hovering at 84.0750. MCX Gold futures for 31 October 2024 settlement lost 0.35% to Rs 78,055. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.02% to 104.08. The United States 10-year bond yield shed 0.26% to 4.190. In the commodities market, Brent crude for December 2024 settlement gained 17 cents or 0.23% to $74.55 a barrel. Stocks in Spotlight: United Breweries shed 0.36%. The company's consolidated net profit jumped 23% YoY to Rs 132.33 crore during the quarter. Revenue from operations (excluding excise duty) increased 12.01% YoY to Rs 2,114.68 crore in Q2 FY25. IndusInd Bank tumbled 10%. The bank reported standalone net profit jumped 39.24% to Rs 1,325.45 crore on 9.91% increase in net sales to Rs 14,870.18 crore in Q2 FY25 over Q2 FY24. Net interest income (NII) stood at Rs 5,347 crore in Q2 FY25, registering a growth of 5% on YoY basis. Radico Khaitan jumped 6.13% after the company's consolidated net profit jumped 25% to Rs 81 crore on 20% increase in revenue from operations (excluding excise duty) to Rs 1,116.30 crore in Q2 FY25 over Q2 FY24. Global Markets: Most Asian stocks rose on Friday, mirroring a slightly positive close on Wall Street. However, Japanese shares declined in anticipation of a hotly contested general election this Sunday. Concerns about potential currency market intervention by the Japanese government, as the yen approached three-month lows, also weighed on sentiment. Soft inflation data further pressured the yen. The October headline Tokyo Consumer Price Index (CPI) rose 1.8% year-over-year (YoY), compared to 2.2% in the previous month, according to the Statistics Bureau of Japan. U.S. equities were mixed on Thursday as investors prepared for a series of major tech earnings reports. Rising geopolitical tensions in the Middle East, with Israel threatening a strike against Iran, also dampened risk appetite. The Dow Jones Industrial Average fell 0.33%, while the S&P 500 rose 0.21%, and the NASDAQ Composite gained 0.76%. Tesla led the broader market index, surging nearly 22% after reporting third-quarter results that exceeded expectations. This marked its best day since 2013. Whirlpool and UPS also climbed after posting strong results. IBM dragged down the Dow, falling over 6% as its consulting revenue narrowly missed estimates. Boeing slipped 1.2% after its machinists rejected a new labor contract. Powered by Capital Market - Live

Net profit of United Breweries rose 23.20% to Rs 132.17 crore in the quarter ended September 2024 as against Rs 107.28 crore during the previous quarter ended September 2023. Sales rose 11.99% to Rs 2116.72 crore in the quarter ended September 2024 as against Rs 1890.05 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2116.721890.05 12 OPM %10.739.75 - PBDT235.43194.95 21 PBT178.28144.03 24 NP132.17107.28 23 Powered by Capital Market - Live

United Breweries will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live

United Breweries announced that Heineken' Silver and Heineken' Original will be available in the state of Karnataka from this month. The availability of the two iconic beer variants across bars and retail stores mark a significant milestone in Heineken's ongoing expansion in India, aligned with company's focus towards enhancing consumer experience through premiumization. The company also announced that the Heineken' brand will now be brewed locally in Mysuru, Karnataka, aligned to the global Heineken' standards of quality. Powered by Capital Market - Live

The domestic equity benchmarks witnessed positive momentum and traded with major gains in morning trade. The Nifty traded above the 24,600 level. Metal shares advanced after declining in the past trading session. At 13:27 IST, the barometer index, the S&P BSE Sensex, was up 580.11 points or 0.72% to 80,615.87. The Nifty 50 index advanced 197.30 points or 0.81% to 24,606.35. In the broader market, the S&P BSE Mid-Cap index gained 1.49% and the S&P BSE Small-Cap index added 0.94%. The market breadth was strong. On the BSE, 2,597 shares rose and 964 shares fell. A total of 132 shares were unchanged. New Listing: Shares of Sanstar were currently trading at Rs 113.90 at 10:25 IST on the BSE, representing a premium of 19.89% as compared with the issue price of Rs 95. The scrip was listed at Rs 106.40, exhibiting a premium of 12% to the issue price. So far, the stock has hit a high of 116.40 and a low of 106.40. On the BSE, over 31.23 lakh shares of the company were traded in the counter so far. Result today: Cholamandalam Investment and Finance (up 2.12%), CIPLA (up 2.34%), City Union Bank (down 1.10%), Equitas Small Finance Bank (down 1.08%), GMDC (down 0.23%), Interglobe Aviation (up 1.54%), IndusInd Bank (up 0.69%), Intellect Design Arena (up 0.20%), Kaynes Technology (up 0.75%), KEC International (down 0.62%), KFin Technologies (up 1.03%), Latent View Analytics (up 1.65%), Laxmi Organics Industries (down 0.48%), Nuvama Wealth Management (up 1.66%), Power Grid Corporation of India (up 0.96%), Piramal Pharma (up 0.87%), Punjab and Sind Bank (up 4.56%), Sanofi India (up 0.96%), Shriram Finance (up 2.51%), and TTK Prestige (up 0.64%) will announced their quarterly earnings later today. Buzzing Index: The Nifty Metal index added 2.07% to 9,337.35. The index declined 1.09% in the past trading session. Jindal Steel & Power (up 3.17%), Vedanta (up 2.96%), NMDC (up 2.88%), JSW Steel (up 2.4%) and Tata Steel (up 2.25%), Steel Authority of India (up 2.22%), Welspun Corp (up 2.11%), Hindalco Industries (up 2.03%), Hindustan Copper (up 1.83%) and National Aluminium Company (up 1.58%) advanced. Stocks in Spotlight: Mahanagar Gas added 1.90% after the company's consolidated revenue increased 1.5% to Rs 1,590 crore in Q1 FY25 as compared with Rs 1,567 crore in Q1 FY24. Net profit jumped 7.4% to Rs 285 crore during the quarter as compared with Rs 265 crore posted in corresponding quarter last year. United Breweries declined 2.33%. The company reported consolidated net profit of Rs 173 crore, up 27.5% as compared with Rs 136 crore in Q1 FY25. Revenue jumped 10.8% YoY to Rs 2,475 crore in Q1 FY25. Glenmark Life Sciences shed 0.41%. The company's consolidated net profit declined 17.7% YoY to Rs 111 crore in Q1 FY25 as compared with Rs 135 crore. Revenue fell 1.8% to Rs 589 crore in Q1 FY25 from Rs 578 crore in Q1 FY24.Powered by Capital Market - Live