Share price of Varun Beverages jumps as Sensex drops 109.03 points

economictimes.indiatimes.com:

Varun Beverages Ltd. gained 0.23 per cent to Rs 1526.0 at 01:59PM (IST) in Thursday's trade. The scrip hit a high of Rs 1532.45 and low of Rs 1506.5 so far during the session. The stock had closed at Rs 1522.35 in the previous session.
The counter had a total traded volume of 01:59PM shares so far with a turnover of Rs 4.24 crore on BSE. The stock traded at a price-to-earnings multiple of 81.67 and a price-to-book ratio of 23.16.

A higher price-to-earnings 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 62.66 per cent stake in the company as of 30-Jun-2024, while overseas investors and domestic institutional investors ownership stood at 25.32 per cent and 4.54 per cent, respectively.
Key Financials The firm reported consolidated net sales of Rs 7240.89 crore for the quarter ended 30-Jun-2024, up 67.39 per cent from the previous quarter's Rs 4325.67 crore and up 28.09 per cent from the year-ago quarter's Rs 5653.0 crore.
Its profit for the latest quarter stood at Rs 1252.6 crore, up 26.04 per cent from the same quarter a year ago.