Alcohol stock jumps 5% after company restarts the supply of beer to TelanganaAlcohol stock jumps 5% after company restarts the supply of beer to Telangana

Introduction:

Alcohol stock resumed beer supplies to Telangana Beverages Corporation Limited after constructive discussions. This interim decision ensures uninterrupted supply, addressing pricing and payment concerns. It prioritizes consumers and stakeholders, aiming to foster long-term stability and growth.

Share Price movement of United Breweries:

On January 20, 2025, United Breweries Ltd opened at ₹1959.80, up 5% from its previous close of ₹1951.30. The stock reached a high of ₹2075.00 and a low of ₹1951.55. By 1:21 PM, it traded at ₹2046.55, with a market cap of ₹54111.84 crore.

United Breweries share Jumps 5%:

United Breweries Limited has decided to resume beer supplies to Telangana Beverages Corporation Limited (TGBCL) with immediate effect. This decision follows constructive discussions with TGBCL, which assured addressing pricing issues and outstanding payments within a defined timeframe.

The company emphasized that this is an interim decision taken in the interest of consumers, workers, and stakeholders. While awaiting further updates, United Breweries aims to prioritize uninterrupted supplies and maintain business continuity for all parties involved.

United Breweries will continue engaging with TGBCL during this period to ensure resolution of concerns. The company remains committed to aligning with stakeholder expectations and fostering long-term partnerships for mutual growth and stability.

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Recent news About United Breweries :

On January 15, 2025, United Breweries announced plans to expand its production capacity by establishing a new brewery in South India. This strategic move aims to meet growing demand, enhance distribution efficiency, and strengthen its position in the domestic beer market.

Stock performance of United Breweries for Period of 1 week, 6 months and 1 year:

United Breweries stock delivered a 0.35% return over the past week, a decline of 3.40% over six months, and a modest 5.99% growth over one year, reflecting mixed performance across short-term and long-term periods.

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Shareholding pattern of United Breweries:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	70.83	70.83	70.83
FII	6.43	6.26	6.43
DII	16.52	16.62	16.38
Retail & others	6.22	6.29	6.35

About United Breweries:

United Breweries (NSE:UBL) is a leading Indian beverage company renowned for its Kingfisher beer brand. With a strong presence in domestic and international markets, it focuses on innovation, quality, and sustainability to maintain its leadership in the alcohol industry.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.