Varun Beverages declines 0.12% as Sensex climbs
Varun Beverages Ltd. traded at Rs 913.55 on BSE at 12:07PM (IST) on Friday, down 0.12 per cent from previous close.
The stock quoted a 52-week low price of Rs 481.67 and a high of Rs 941.6.
Earlier, the stock saw a gap down opening in the morning.
A total of 30,506 lakh shares changed hands on the counter till 12:07PM (IST).
The stock of Varun Beverages Ltd.
commanded a market value of Rs 118565.69 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 63.11, while the price-to-book value ratio stood at 16.84. Return on equity (ROE) was at 29.34 per cent, according to exchange data.
In the BSE500 pack, 230 stocks traded in the green, while 271 stocks were in the red.
The stock's beta value, which measures volatility in relation to the broader market, stood at 0.34.
Promotor/FII Holding Promoters held 63.62 per cent in Varun Beverages Ltd.
as of 30-Jun-2023 while foreign and domestic institutional investors owned 26.71 per cent and 2.37 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 748.62 on September 22, while the 50-DMA was at 865.82. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward.
