FMCG Stock Offers Rs 4 Dividend & Nears Breakout; Why It Is A Hot Pick In April?

United Spirits Limited, an Indian alcoholic beverage corporation, is the second-largest spirits firm globally. It is a Diageo subsidiary with its main office located in Bangalore, Karnataka's UB Tower. Whisky, brandy, rum, vodka, gin, wine, and Indian-made foreign liquor (IMFL) are among the products offered by the firm. McDowell's No.1, Royal Challenge, Signature, Antiquity, Black Dog, Director's Special Black, and McDowell's Brandy are the brand names under which it sells its products. A variety of Diageo brands, including Captain Morgan, Johnnie Walker, 69, Black & White, Smirnoff, J&B, Baileys, Lagavulin, Talisker, VAT, and Ciroc, are also imported, manufactured, distributed, and sold by the firm. United Spirits' shares closed at Rs 1,403 per share on the NSE on Friday, down 0.36%, with a market value of Rs 1,02,047.32 Cr.

United Spirits Dividend

"The Board of Directors of the Company at their meeting held today i.e., Thursday, 27th March 2025 has inter alia approved the payment of interim dividend of INR 4 per equity share (face value Rs. 2/- each) for the financial year ending 31st March 2025. The record date for the purpose of determining the entitlement of the shareholders has been fixed as Thursday, 3rd April 2025. The interim dividend will be paid on or after 21st April 2025," said United Spirits in a regulatory filing.

United Spirits News

"In terms of trading restrictions placed by the Company's 'Code of Internal Procedures, Fair Disclosure and Conduct for Regulating, Monitoring and Reporting Trading by Insiders' formulated in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in securities of the Company will remain closed from Tuesday, 1st April 2025 till 48 hours after the declaration of financial results for the quarter and year ending 31st March 2025," United Spirits has informed stock exchanges.

United Spirits Share Price Target

"UNITDSPR is currently trading at Rs 1408.1 and is on the verge of a breakout from a cup and handle pattern on the daily chart. The recent surge in trading volume indicates strong buying interest, enhancing the breakout potential. Additionally, the stock is trading above its 20-day, 50-day, and 200-day EMAs, further strengthening the bullish outlook," said Mandar Bhojane - Equity Research Analyst at Choice Broking.

"A breakout above Rs 1420 could open the door for a sharp rally towards the targets of Rs 1540 and Rs 1570 in the short term. On the downside, immediate support is placed at Rs 1380, providing a favorable dip-buying opportunity. A stop-loss at Rs 1340 is advised to manage risk and protect against unexpected volatility," the analyst further added.

On the other hand, Riyank Arora, a technical analyst at Mehta Equities Ltd said, "The stock is trading near Rs 1404, showing resilience around key support levels. A breakout above Rs 1420 could trigger upside momentum toward Rs 1450-1475. Immediate support is seen at Rs 1380, and a breach may lead to a decline toward Rs 1350. RSI remains neutral, suggesting a wait-and-watch approach for fresh positions. A buy-on-dips strategy is advisable as long as support holds."

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.