Share price of Varun Beverages jumps as Sensex gains 201.86 points

economictimes.indiatimes.com:

Varun Beverages Ltd. gained 0.36 per cent to Rs 1584.85 at 10:35AM (IST) in Tuesday's trade. The stock hit a high of Rs 1599.95 and low of Rs 1572.0 so far during the session. The stock had closed at Rs 1579.15 in the previous session.
The counter had a total traded volume of 10:35AM shares so far with a turnover of Rs 59.62 crore on BSE. The stock traded at a price-to-earnings multiple of 94.81 and a price-to-book ratio of 23.16.

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 62.91 per cent stake in the company as of 31-Mar-2024, while FIIs and domestic institutional investors ownership stood at 25.79 per cent and 4.16 per cent, respectively.
Key Financials The firm reported consolidated sales of Rs 4325.67 crore for the quarter ended 31-Mar-2024, up 61.6 per cent from the previous quarter's Rs 2676.8 crore and up 10.83 per cent from the year-ago quarter's Rs 3903.11 crore.
Its profit for the latest quarter stood at Rs 537.27 crore, up 25.22 per cent from the same quarter a year ago.