Share price of Varun Beverages jumps as Sensex drops 223.83 points
Varun Beverages Ltd. gained 0.79 per cent to Rs 1009.95 at 10:00AM (IST) in Friday's trade. The stock has hit a high of Rs 1014.0 and low of Rs 993.9 so far during the session.
The stock had closed at Rs 1002.0 in the previous session.
The counter has had a total traded volume of 8201 shares so far with a value of Rs 0.83 crore on the NSE. It traded at a price-to-earnings multiple of 65.6 and a price-to-book ratio of 16.84.
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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 77.41 per cent during the past one year, while the 30-share index advanced 12.11 per cent during the same period.
Varun Beverages Ltd. belongs to the FMCG Food & Beverages industry.
Promotor/FII Holding Promoters held 63.1 per cent stake in the company as of 30-Sep-2023, while overseas investors and domestic institutional investors ownership stood at 27.55 per cent and 2.22 per cent, respectively.
