Lift in spirits! United Breweries up 2%

Heineken International BV increased its stake in the company, buying shares worth Rs.39.48 crore through an open market transaction on Thursday.

United Breweries Ltd stock was up 2% at Rs. 976. Report says that Heineken International BV, the maker of Heineken beer, increased its stake in the company, buying shares worth Rs.39.48 crore through an open market transaction on Thursday, according to reports.

The scrip opened at Rs. 979 and has touched a high and low of Rs. 997 and Rs. 973 respectively. So far 102582(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 25346.71 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1225 on 17-Apr-2015 and a 52 week low of Rs. 732.05 on 17-Dec-2014. Last one week high and low of the scrip stood at Rs. 999 and Rs. 927.2 respectively.

The promoters holding in the company stood at 74.68 % while Institutions and Non-Institutions held 19.94 % and 5.39 % respectively.

The stock is currently trading below its 200 DMA.