Varun Beverages shares down 0.77% as Sensex falls
Varun Beverages Ltd. fell 0.77 per cent to Rs 806.4 in Friday's session as of 11:25AM (IST) even as the equity benchmark Sensex traded 783.14 points lower at 66788.76. Earlier in the day, the stock witnessed a gap up start to the session.
The stock quoted a 52-week high price of Rs 873.58 and a 52-week low of Rs 426.73 on NSE. Around 62176 shares changed hands on the counter till 11:25AM (IST). The stock opened at Rs 812.65 and has touched an intraday high and low of Rs 824.0 and Rs 806.2 during the session so far.
The stock quoted a price-to-earnings (PE) ratio of 62.69, earnings per share (EPS) of Rs 12.87 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 63.62 per cent stake in the company as of July 21, while FII and MF ownerships stood at 26.71 per cent and 2.37 per cent, respectively.Key Financials With a market capitalisation of Rs 104840.31 crore, the company operates in the FMCG Food & Beverages industry. For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 3903.11 crore, up 75.54 per cent from the previous quarter?s Rs 2223.48 crore and up 37.63 per cent from the same quarter a year ago. The company reported net profit of Rs 429.07 crore for the latest quarter, up 68.79 per cent from the corresponding quarter last year.Technical Indicators The relative strength index (RSI) of the stock stands at 46.86.
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, just the way a
. Read more on economictimes.indiatimes.com
