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HomeNewsMarketingVarun Beverages shares 0.9% as Sensex rises

Varun Beverages shares 0.9% as Sensex rises

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Shares of Varun Beverages Ltd. 0.9 per cent to Rs 551.90 in Monday’s session as of 01:19PM (IST) even as the equity benchmark Sensex traded 661.2 points at 77280.53.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 682.84 and a 52-week low of Rs 478.48 on NSE. Around 196468 shares changed hands on the counter till 01:19PM (IST).

The stock opened at Rs 557.95 and has touched an intraday high and low of Rs 557.95 and Rs 544.45 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 73.45, earnings per share (EPS) of Rs 7.52 and price to book value (PB) of 23.16, while the return on equity (ROE) stood at Rs 29.64.

Promoter/ FII Holding
The promoters held 60.2 per cent stake in the company as of January 20, while FII and MF ownerships stood at 25.27 per cent and 4.08 per cent, respectively.

Key Financials
With a market capitalisation of Rs 186659.35 crore, the company operates in the FMCG Food & Beverages industry. For the quarter ended 30-Sep-2024, the company reported consolidated sales of Rs 4828.9330 crore, 33.31 per cent from the previous quarter?s Rs 7240.8880 crore and 24.17 per cent from the same quarter a year ago. The company reported net of Rs 619.61 crore for the latest quarter, 23.66 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 29.7. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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