Share price of Varun Beverages falls as Sensex drops 129.3 points
Varun Beverages Ltd. dropped 0.69 per cent to Rs 919.15 at 12:02PM (IST) in Thursday's trade. The scrip hit a high of Rs 923.9 and low of Rs 910.4 so far during the session.
The stock had closed at Rs 925.55 in the previous session.
The counter had a total traded volume of 12:02PM shares so far with a turnover of Rs 4.52 crore on BSE. The stock traded at a price-to-earnings multiple of 63.75 and a price-to-book ratio of 16.84.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Varun Beverages Ltd.
belongs to the FMCG Food & Beverages industry.
Promotor/FII Holding Promoters held 63.1 per cent stake in the company as of 30-Sep-2023, while overseas investors and domestic institutional investors ownership stood at 27.55 per cent and 3.36 per cent, respectively.
Key Financials The firm reported consolidated net sales of Rs 5653.0 crore for the quarter ended 30-Jun-2023, up 44.83 per cent from the previous quarter's Rs 3903.11 crore and up 13.85 per cent from the year-ago quarter's Rs 4965.29 crore.
