Market Movers: United Spirits puts on a resilient show amid market collapse

Asia's Tech News Daily

United Spirits share price, USL share price, United Spirits, USL, Market Movers, IRCTC share price, IRCTC

MUMBAI: While most investors were sulking today, those of

United Spirits

were overjoyed. The stock withstood the selling storm in the market with aplomb as it closed 1.2 per cent higher on a day when the benchmark indices slumped nearly 2 per cent.

The reason behind the stellar show by United Spirits was the management’s commentary. United Spirits management indicated that demand scenario was improving rapidly.

The management also highlighted how the premium whiskey segment is benefitting from the enhanced spending ability of high net worth and ultra-high net worth individuals in the country. Even as the market’s spirits are down, USL’s spirits have just started to soar.

Stock Analysis – Know before investing
Stock score of United Spirits Ltd moved up by 1 in 3 months on a 10-point scale.

Subscribe Now

Exclusively for

Stock Analysis

Stock score of United Spirits Ltd is 8 on a scale of 10. View Stock Analysis »

IRCTC’s last hurray

Shares of

IRCTC

soared nearly 12 per cent today as retail investors thought that the stock split that took place today made the scrip somehow less costly to purchase, and rushed in. The five-for-one stock split reduced the stock’s price artificially without changing the valuation of the company.

However, little did investors know that today’s green on IRCTC would be the last they may see for some time to come given the post-market announcement made by the company.

IRCTC said in an exchange filing that the government has asked the company to share 50 per cent of revenue from convenience fee charged on Internet ticketing with itself. Given that a large part of the company’s sales come from Internet ticketing and half of that will now go out of the company, the stock is primed for a deep correction on Friday and the days to come.

IndusInd Bank shines

A strong September quarter earnings performance by the bank was duly rewarded by the market, as shares of the lender closed 2.6 per cent higher on a day when Nifty Bank index collapsed more than 1,300 points.

Impressively, IndusInd Bank’s earnings showed signs that corporate loan demand may be recovering as the corporate loan book of the lender grew 16 per cent on-year. Investors will hope that the performance of the lender in Q2 is the first of many strong quarterly results.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Leo Varadkar has 'no advice' for Boris Johnson over Christmas party controversy

Tanáiste Leo Varadkar has said he has “no advice” to offer British Prime Minister Boris Johnson over reports that a Christmas bash took place at Downing Street. Boris Johnson has ... Read more »

Family, friends gather to remember Largo woman found dead in New Port Richey

1 / 4Family, friends gather to remember Largo woman found dead in New Port Richey Outside a home located just 50 yards from where the missing woman’s body was found, ... Read more »

TV Tonight: our highlights for Thursday, Dec. 9

© Provided by WhatToWatch Catch up with Miranda, Carrie and Charlotte. On TV tonight, here come the girls as And Just Like That, the sequel to Sex and the City ... Read more »

Man City transfer round-up: Sergio Busquets 'considers' reunion as Harry Kane warning sent

Barcelona midfielder Sergio Busquets is reportedly considering whether to reunite with former boss Pep Guardiola and move to Manchester City at the end of the season. City face the prospect ... Read more »

Soccer-Boca Juniors beat Talleres in shootout to win Copa Argentina

© Reuters/AGUSTIN MARCARIAN FILE PHOTO: Copa Argentina – Round of 16 – Boca Juniors v River Plate BUENOS AIRES (Reuters) – Boca Juniors beat Talleres 5-4 on penalties to win ... Read more »

Voting systems company Smartmatic wants MyPillow CEO Mike Lindell's lawsuit dismissed, and accuses him of going on a 'crusade without a claim' by suing them for suppressing free speech

© Provided by Business Insider Voting systems company Smartmatic said MyPillow CEO Mike Lindell was on a “crusade without a claim” in a new filing on Wednesday. Stephen Maturen/Getty Images ... Read more »

CBSE academic session 2021-22: Registration of students for classes IX, X to begin from THISÂ date, check other details

© Provided by Zee News New Delhi: The Central Board of Secondary Education (CBSE) has made a big announcement regarding the registration of students for classes IX and X for ... Read more »

Covering CDS Gen Bipin Rawat's death, TV news turned sober—in a long time

© Provided by The Print After a very long time, television news was sober—barring the anchor on ABP News who was punch drunk on her own adrenalin, unable to contain ... Read more »

Canadians Gilgeous-Alexander, Dort lead Thunder to thrilling win over Raptors

TORONTO — Canadians Shai Gilgeous-Alexander and Luguentz Dort made the most of their trip home on Wednesday. © Provided by The Canadian Press Gilgeous-Alexander, from Hamilton, had 16 of his ... Read more »

MapmyIndia IPO to open today; should you subscribe?

© Provided by CNBCTV18 CE Info Systems’s initial public offering (IPO) worth Rs 1,040 crore will open for subscription on Thursday, December 9. The IPO of CE Info Systems, which ... Read more »

'Blundered the execution': Better.com CEO's apology for firing 900 staffers over Zoom call

Chief executive officer of Better.com Vishal Garg has apologised for the way in which he handled the recent mass layoff at the US-based online mortgage firm. Garg had received severe ... Read more »

What is ETH/BTC pair and why did it rise amid crypto crash last week?

© Provided by CNBCTV18 Even as Bitcoin crashed last week pulling the crypto market lower, the ether-bitcoin (ETH/BTC) ratio rose by nearly 13 percent hitting an over three-year high. This ... Read more »

ISL: Hyderabad FC beat Bengaluru FC 1-0

© Provided by Mid-Day Hyderabad FC rode on Bartholomew Ogbeche’s first-half strike to down Bengaluru FC 1-0 in an Indian Super League tie at the Athletic Stadium in Bambolim on ... Read more »

Downing Street Christmas Party row explained: All we know as video shows staff joking about ‘cheese and wine'

Downing Street has been accused of holding a Christmas party at No10 last December, while London was under Tier 3 lockdown rules that prevented indoor social gatherings of any size. ... Read more »

CDS Bipin Rawat dies in chopper crash: Here's a look at accident history of IAF's Mi-17

CDS Bipin Rawat dies in chopper crash: Here’s a look at accident history of IAF’s Mi-17 Chief of Defence Staff (CDS) General Bipin Rawat, his wife Madhulika Rawat, and 11 ... Read more »

Apple likely to launch two new iPhone SE models in 2022, 2023

© Provided by Zee News San Francisco: Tech giant Apple is reportedly planning to launch two new iPhone SE models over the next two years. Analyst Ming-Chi Kuo said that ... Read more »

Cuba detects first Omicron case - state media ACN

Spread of the coronavirus disease (COVID-19) in Cuba HAVANA (Reuters) -Cuba has detected its first case of the Omicron coronavirus variant in a person who had traveled from Mozambique, Cuban ... Read more »

From private sector to public holidays: questions about the new UAE weekend answered

© Provided by The National Residents gather at the Corniche in Abu Dhabi to celebrate the UAE’s 50th National Day on December 2. From January 1, the country will adopt ... Read more »

Here's How Chris Pratt's Mario Sounds Like In Parody Indie Game; Spoiler – It's Obnoxious

© Provided by Geek Culture Chris Pratt (Guardians of the Galaxy) has taken on a couple of roles that surprised many and left them confused. Namely, Pratt will be voicing ... Read more »

Cusi willing to face another Senate hearing on Malampaya deal, says legal counsel

DOE Secretary Alfonso Cusi at Sept. 2, 2021 briefing Energy Secretary Alfonso Cusi is willing to face another Senate hearing in connection with the buy-in of Davao-based businessman Dennis Uy’s ... Read more »

Tacloban suspends vaccination, classes, work due to foul weather

© AFP PHOTO/Ted Aljibe (file photo) A general shot of downtown and the coastline of Tacloban City, Leyte on November 2, 2015. Due to continuous rains, the Tacloban City government ... Read more »

Duterte signs EO regulating drug prices

Updated at 12:15 am IN a bid to provide Filipinos access to affordable quality medicines, President Rodrigo Duterte has signed an executive order (EO) that will regulate the prices of ... Read more »

Hong Kong tycoon found guilty for Tiananmen vigil

© Getty Images Media tycoon Jimmy Lai faces a maximum of five years’ imprisonment for the guilty verdict Hong Kong media mogul Jimmy Lai, along with two other prominent activists, ... Read more »

Bipin and I: We Were Married Officers Staying Single and Had Heated Debates during Walks

© Provided by News18 Bipin and I: We Were Married Officers Staying Single and Had Heated Debates during Walks General Bipin Rawat was one of the most outstanding officers of ... Read more »

Iulia Vantur to host Salman Khan`s docu-series `Beyond The Stars`?

© Provided by Mid-Day Anyone who knows Iulia Vantur as a celebrity or a friend, surely knows that she is a talented host, anchor, actress, model & dancer all in ... Read more »

Officers investigate body found in burned camper

Dec. 8—Flathead County authorities are investigating the death of a person found inside a burned camper trailer on Blacktail Mountain. According to Sheriff Brian Heino, a call came in at ... Read more »

Omicron variant may change course of Covid-19 pandemic, warns WHO chief

© Provided by Zee News Geneva: Certain features of the Omicron variant, including its global spread and large number of mutations, suggest it could have a major impact on the ... Read more »

Farmers' protest likely to end, SKM may call off 14-month agitation today

© Provided by Zee News New Delhi: The Samyukta Kisan Morcha (SKM) is likely to call off their 14-month agitation on Thursday (December 9, 2021) at 12 pm, after receiving ... Read more »

Odisha civil services main exam 2020 from January 20: OPSC

The Odisha civil services main exam 2020 will be held from January 20 to February 6, except January 26 and February 5, the Odisha Public Service Commission (OPSC) said on ... Read more »

CDS Bipin Rawat, wife Madhulika's mortal remains to reach Delhi today; last rites to be held on Friday

© Provided by Jagran English New Delhi | Jagran News Desk: The last rites of Chief of Defence Staff (CDS) General Bipin Rawat and his wife Madhulika Rawat are to ... Read more »

Champions League Wrap: Barcelona knocked out, Chelsea's last-gasp blow, Manchester United held by Young Boys

Barcelona crashed out of the Champions League following a 3-0 defeat at Bayern Munich Second-string Manchester United were held to a 1-1 draw with Switzerland’s Young Boys, Barcelona’s 17-year streak ... Read more »

BJP will win 418 seats in 2024 Lok Sabha polls: Maharashtra BJP chief Chandrakant Patil makes big claim

© Provided by Zee News Pune: Maharashtra Bharatiya Janata Party (BJP) president Chandrakant Patil has claimed that his party will emerge victorious in the 2024 Lok Sabha elections and win ... Read more »

Susan Kelechi Watson on ‘This Is Us' Final Season: “It's Been a Lightening in a Bottle” | Women in Entertainment 2021

The Hollywood Reporter’s Neha Joy spoke to Susan Kelechi Watson on the red carpet of The Hollywood Reporter’s Power 100 Women in Entertainment. Read more »

Analysis: Did the press overhype the danger posed by the Omicron variant?

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. © Yuki Iwamura/AP A sign of COVID-19 testing site is ... Read more »

EU seeks to clarify status of delivery app workers

The EU will propose a set of criteria on Thursday to determine whether a gig worker in Europe using platforms like Uber, Bolt or Deliveroo should be considered an employee. ... Read more »

Thank goodness for these ‘right' thinking Gen Z saviors: Devine

Young Americans have become frustrated by endless lockdowns erasing the prime of their lives. JUSTIN LANE/EPA-EFE/Shutterstock Remember when Jane Fonda, the octogenarian actress, triumphantly declared last year that ­COVID-19 is ... Read more »

Halo Infinite Mjolnir Lockers Locations Guide

© Provided by Dot Esports Halo Infinite just launched its Campaign and players aren’t only getting a huge Halo story to take in but also some extra bonuses for use ... Read more »

All audio log locations in Warship Gbraakon in Halo Infinite

© Provided by GamePur Audio logs are a type of collectible in Halo Infinite. These items give bits of story about the past and are interesting to pick up if ... Read more »

How to customize your kart and character in Kartrider: Drift

© Provided by GamePur In Kartrider: Drift, you’ll be able to play with people all over the world on different platforms in 8-player races to see who is the fastest ... Read more »

Halo Infinite IWHBYD Skull location – The Tower mission

© Provided by GamePur Halo Infinite’s third mission introduces you to the open world, instructing you to take over a nearby FOB. After taking over this first FOB, the game’s ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic