Share price of Varun Beverages falls as Nifty weakens
Varun Beverages Ltd. slipped 1.2 per cent to Rs 1251.3 in Thursday's trade as of 01:55PM (IST).
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The stock hit a high price of Rs 1265.95 and low of Rs 1221.0 during the session.
The return on equity (ROE) for the stock stood at 29.34 per cent. Traded volume on the counter stood at 01:55PM shares and turnover at Rs 11.31 crore around that time.
The stock of Varun Beverages Ltd. quoted a 52-week high and 52-week low prices of Rs 1380.45 and Rs 550.0, respectively.
The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.34.
Promotor/FII Holding Promoters held 63.09 per cent stake in the company as of 31-Dec-2023, while overseas investors held 26.58 per cent and domestic institutional investors had 3.58 per cent.
Key Financials The company reported consolidated sales of Rs 3889.02 crore for the quarter ended 30-Sep-2023, down 31.2 per cent from previous quarter's Rs 5653.0 crore and down 22.02 per cent from the year-ago quarter's Rs 3187.24 crore.
Net profit after tax for the latest quarter stood at Rs 501.07 crore, up 31.5 per cent from the same quarter a year ago.
