Retail investors regularly monitor mutual fund investments in the market because they make sizable sums of investments that have the potential to impact changes in stock prices. Additionally, since it can be challenging for regular investors to discover all important information about a company, they frequently follow the activities of institutional funds, particularly mutual funds, when making investment selections.
Below are the three Alcohol stocks with the highest Mutual Fund holdings.
Radico Khaitan Ltd
Radico Khaitan has a market capitalization of Rs 17,063 crore. On Friday, the company’s shares were trading at Rs 1,276.15 per share, down 0.90 percent from the previous close price.
As of Q1 FY24, mutual funds hold an 18.1 percent stake out of the 23.76 percent stake held by domestic institutional investors in the company. The company’s promoter has a 40.27 percent stake and foreign institutional investors hold 18.26 percent.
The stock has risen 14 percent in the previous six months and 36 percent in the last year.
Radico Khaitan’s operational revenue has increased by 26 percent year on year, from Rs 757 crore in Q1FY23 to Rs 953 crore in Q1FY24. During the same period, net profit climbed by 8 percent, from Rs 58 crore to Rs 63 crore.
Radico Khaitan produces industrial alcohol, Indian Made Foreign Liquor (IMFL), country liquor, and fertilizers. It is India’s fourth-largest spirits company.
United Breweries Ltd.
United Breweries has a market capitalization of Rs 40,312 crore. On Friday, the company’s shares were trading at Rs 1,526 per share, down 1.40 percent from the previous close price.
As of Q1 FY24, mutual funds hold a 13.38 percent stake out of the 15.81 percent stake held by domestic institutional investors in the company. The company’s promoter has a 72.71 percent stake and foreign institutional investors hold 6.31 percent.
Operational revenue has declined by 7 percent year on year, from Rs 2,438 crore in Q1FY23 to Rs 2,274 crore in Q1FY24. During the same period, net profit declined by 16 percent, from Rs 162 crore to Rs 136 crore.
United Breweries Limited is engaged in the business of manufacture and sale of beer and non-alcoholic beverages.
United Spirits Ltd
United Spirits has a market capitalization of Rs 72,739 crore. On Friday, the company’s shares were trading at Rs 1,000.05 per share, down 0.27 percent from the previous close price.
Mutual funds own 10.07 percent of the firm as of Q1 FY24, compared to 12.66 percent held by domestic institutional investors. The promoter owns 56.68 percent of the firm, while foreign institutional investors own 15.92 percent.
Company’s Operational revenue has increased by 140 percent year on year, from Rs 2,149 crore in Q1FY23 to Rs 5,808 crore in Q1FY24. During the same period, net profit climbed by 83 percent, from Rs 261 crore to Rs 477 crore.
United Spirits Ltd is India’s largest spirits company. The firm produces a broad variety of spirits, including whisky, vodka, rum, and others.
Written By Omkar Chitnis
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