Share price of Varun Beverages falls as Sensex gains 248.69 points
Varun Beverages Ltd. dropped 0.51 per cent to Rs 914.25 at 01:39PM (IST) in Wednesday's trade.
The stock has hit a high of Rs 922.25 and low of Rs 903.4 so far during the session. The stock had closed at Rs 919.0 in the previous session.
The counter has had a total traded volume of 21333 shares so far with a value of Rs 194.0 crore on the NSE.
It traded at a price-to-earnings multiple of 63.14 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 70.01 per cent during the past one year, while the 30-share index advanced 12.84 per cent during the same period.
Varun Beverages Ltd. belongs to the FMCG Food & Beverages industry.
Promotor/FII Holding Promoters held 63.62 per cent stake in the company as of 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 26.71 per cent and 2.37 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.
Profit for the latest quarter stood at Rs 993.81 crore, up 26.21 per cent from the same quarter a year ago.
