Share price of Varun Beverages jumps as Sensex gains 655.67 points

economictimes.indiatimes.com:

Varun Beverages Ltd. gained 0.05 per cent to Rs 590.2 at 11:25AM (IST) in Wednesday's trade. The stock hit a high of Rs 605.85 and low of Rs 589.45 so far during the session. The stock had closed at Rs 589.9 in the previous session.
The counter had a total traded volume of 11:25AM shares so far with a turnover of Rs 6.17 crore on BSE. The stock traded at a price-to-earnings multiple of 79.78 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.

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