United Breweries Ltd. sees -3.23% decline in stock price, but remains a stable investment option

Jun 25 2024 09:50 AM IST
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United Breweries Ltd., a leading brewery company, saw a -3.23% decline in its stock price on June 25, 2024. Despite this, the stock is still performing well in the long term, with higher moving averages. It has underperformed the market on the same day, but has shown positive growth in the past month. As a largecap company in the industry, it remains a stable and reliable investment option.


United Breweries Ltd., one of the leading breweries in the industry, has seen a decline in its stock price by -3.23% on June 25, 2024. This underperformance has been noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock opened at Rs 2079.95 and touched an intraday low of Rs 2008.1, a decrease of -3.61%. However, the stock is still performing well in the long term, with its moving averages higher than 20 day, 50 day, 100 day, and 200 day moving averages. It is only lower than the 5 day moving average.

In comparison to the overall market performance, United Breweries Ltd. has underperformed with a -3.37% decrease, while the Sensex has seen a positive growth of 0.33% on the same day. However, in the past month, the stock has shown a positive growth of 7.61%, outperforming the Sensex's growth of 2.90%.

As a largecap company in the breweries industry, United Breweries Ltd. has a strong presence and a stable position in the market. While the recent decline in stock price may be a cause for concern, the company's long term performance and market standing make it a reliable investment option for investors.
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