Varun Beverages shares 0.9% as Sensex rises
Varun Beverages Ltd. traded 0.9 per cent at Rs 615.40 at 12:34PM (IST) on Wednesday, even as BSE benchmark Sensex 160.18 points to 81005.93.
The scrip had settled at Rs 621.00 in the previous session. The stock quoted a 52-week high price of Rs 682.84 and 52-week low of Rs 422.16, respectively. As per BSE data, total traded volume on the counter till 12:34PM (IST) stood at 64560 shares with a turnover of Rs 4.00 crore.
At the current price, shares of the company traded at 81.92 times its trailing 12-month EPS of Rs 7.52 per share and 23.16 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.3446.
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