United Breweries Ltd. Sees -3.14% Decline in Stock Price on October 16, 2024

Oct 16 2024 11:35 AM IST
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United Breweries Ltd., a leading brewery and distillery company, experienced a -3.14% decline in its stock price on October 16, 2024. This underperformance is reflected in the 'Hold' rating given by MarketsMojo. The stock's performance today was -2.29% lower than the sector's performance and has seen a -4.85% decline in the past month. Despite this, it remains a largecap company in the industry.

United Breweries ., one of the leading breweries and distilleries in the industry, has seen a decline in its stock price by -3.14% on October 16, 2024. This underperformance has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The stock opened at Rs. 2078 and touched an intraday low of Rs. 2014, a decrease of -3.08%. The stock's performance today has been -2.29% lower than the sector's performance. However, the stock's moving averages show a mixed trend, with it being higher than the 200 day moving average but lower than the 5 day, 20 day, 50 day, and 100 day moving averages.

In comparison to the Sensex, United Breweries Ltd. has underperformed with a -3.20% decrease in its stock price, while the Sensex has only seen a -0.36% decrease. Over the past month, the stock has seen a decline of -4.85%, while the Sensex has seen a decrease of -1.77%.

Despite the recent decline in stock price, United Breweries . remains a largecap company in the industry. With a neutral and informative tone, it is important to note that this article does not mention any future potential, investor interest, or expert opinions. The information provided is based on facts and figures, giving readers an unbiased view of the company's current performance.
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