Share price of Varun Beverages falls as Sensex gains 359.49 points
Varun Beverages Ltd. dropped 0.81 per cent to Rs 1240.0 at 02:10PM (IST) in Wednesday's trade. The counter has hit a high of Rs 1250.7 and low of Rs 1235.5 so far during the session.
The stock had closed at Rs 1250.2 in the previous session.
The counter has had a total traded volume of 85445 shares so far with a value of Rs 10.61 crore on the NSE. It traded at a price-to-earnings multiple of 80.47 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 88.12 per cent during the past one year, while the 30-share index advanced 17.43 per cent during the same period.
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 FIIs and domestic institutional investors ownership stood at 27.55 per cent and 2.22 per cent, respectively.
