Varun Beverages shares down 0.64% as Sensex rises

economictimes.indiatimes.com:

Varun Beverages Ltd. fell 0.64 per cent to Rs 1064.7 in Tuesday's session as of 12:02PM (IST) even as the equity benchmark Sensex traded 236.95 points higher at 69102.07.
Earlier in the day, the stock witnessed a gap up start to the session.

The stock quoted a 52-week high price of Rs 1130.15 and a 52-week low of Rs 550.0 on NSE. Around 51475 shares changed hands on the counter till 12:02PM (IST).
The stock opened at Rs 1081.0 and has touched an intraday high and low of Rs 1085.0 and Rs 1060.75 during the session so far.

The scrip quoted a price-to-earnings (PE) ratio of 69.07, earnings per share (EPS) of Rs 15.38 and price to book value (PB) of 16.84, while the return on equity (ROE) stood at Rs 29.34.
Promoter/ FII Holding
The promoters held 63.1 per cent stake in the company as of December 05, while FII and MF ownerships stood at 27.55 per cent and 2.22 per cent, respectively.
Key Financials With a market capitalisation of Rs 138052.74 crore, the company operates in the FMCG Food & Beverages industry.

For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 3889.02 crore, down 31.2 per cent from the previous quarter?s Rs 5653.0 crore and down 22.02 per cent from the same quarter a year ago. The company reported net profit of Rs 501.07 crore for the latest quarter, up 31.5 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 62.09.

The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call,