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HomeNewsMarketingVarun Beverages stock price up 1.23 per cent as Sensex...

Varun Beverages stock price up 1.23 per cent as Sensex slides

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Shares of Varun Beverages Ltd. rose 1.23 per cent to Rs 653.7 at 10:24AM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 505,888 shares with a turnover of Rs 33.28 crore till 10:24AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 87.78, while the price-to-book value ratio stood at 23.16.

Return on equity (ROE) was at 29.64 per cent, according to exchange data. The stock hit an intraday high of Rs 668.05 and a low of Rs 647.35 during the session and quoted a 52-week high price of Rs 682.84 and a 52-week low of Rs 331.28.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.34.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 570.13 on September 13, while the 50-DMA was at Rs 622.14. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way. The Relative Strength Index (RSI) of the stood at 62.96. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30. Promoter holding

As of 30-Jun-2024, promoters held 62.66 per cent stake in the company, while foreign institutional investors held 25.32 per cent and domestic institutional investors had 4.54 per cent.

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