As CRISIL, credit ratings agency, revised its outlook on the long term bank facilities and non convertible debentures, the share price of United Spirits has risen in early trade today. Share price of United Spirits rose 2.14% to Rs 605 compared to the previous closing price of Rs 592.30 on BSE.
United Spirits stock has gained 2.72% in last three days. "CRISIL has revised its outlook on the long-term bank facilities and non-convertible debentures of United Spirits Limited (USL) to 'Positive' from 'Stable' while reaffirmed the rating at 'CRISIL AA+'. The short-term rating and commercial paper have been reaffirmed at 'CRISIL A1+'," CRISIL said.
However, the stock has lost 2.45% each since the beginning of this year and during the last one year. The market capitalisation of this stock stood at Rs 43,656 crore.