Varun Beverages rises 0.09% as Sensex climbs
Varun Beverages Ltd. traded at Rs 1266.4 on BSE at 12:29PM (IST) on Monday, up 0.09 per cent from previous close.
The scrip quoted a 52-week low price of Rs 550.0 and a high of Rs 1380.45.
Earlier, the stock saw a gap up opening in the morning.
A total of 50,403 lakh shares changed hands on the counter till 12:29PM (IST).
The stock of Varun Beverages Ltd.
commanded a market value of Rs 166124.12 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 83.12, 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, 278 stocks traded in the green, while 222 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 63.09 per cent in Varun Beverages Ltd.
as of 31-Dec-2023 while overseas and domestic institutional investors owned 26.58 per cent and 2.31 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 905.18 on January 15, while the 50-DMA was at 1126.84. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward.
