Varun Beverages shares down 0.21% as Nifty falls
Varun Beverages Ltd. rose 0.21 per cent to Rs 1572.2 in Friday's trade. It hit an intraday high of Rs 1580.25 and low of Rs 1551.95, respectively, during the day.
The stock quoted a 52-week high price of Rs 1707.1 and low of Rs 800.05.
As of 10:45AM (IST), the counter saw total traded volume of 17,194 shares with a traded value of Rs 2.7 crore, according to NSE.
The stock had closed at Rs 1575.55 in the previous session.
The scrip has declined -3.53 per cent in the past one month till date, while the benchmark BSE Sensex has gained 3.19 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 84.24 while price-to-book ratio stood at 23.16. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the FMCG Food & Beverages industry.
Promoter/FII Holding Promoters held 62.66 per cent stake in the company as of 30-Jun-2024, while FII and MF ownership in the firm stood at 25.32 per cent and 2.42 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 7240.89 crore for the quarter ended 30-Jun-2024, up 67.39 per cent from the previous quarter's Rs 4325.67 crore and up 28.09 per cent from the year-ago quarter's Rs 5653.0 crore. Its net profit for the
