Varun Beverages shares drop 0.4% as Sensex falls

economictimes.indiatimes.com:

Varun Beverages Ltd. traded 0.4 per cent lower in Wednesday's session at 10:35AM (IST). The stock opened at Rs 1614.55 and has touched an intraday high and low of Rs 1628.5 and Rs 1601.0, respectively, during the session so far.
The stock quoted a 52-week high of Rs 1673.7 and a 52-week low of 785.0. About 34,731 shares changed hands on the counter so far.

Benchmark Nifty50 was down 216.96 points at 24216.25, while the BSE Sensex traded 733.89 points lower at 79617.75 at the time of writing of this report.
In the Nifty pack, 10 stocks traded the day in the green, while 40 were in the red.

Key Financials For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 4325.67 crore, up 61.6 per cent from the previous quarter's Rs 2676.8 crore and up 10.83 per cent from the year-ago quarter. The company reported net profit of Rs 537.27 crore for the latest quarter.
Promoter Holdings Promoters held 62.91 per cent stake in the company as of 31-Mar-2024, while FIIs held 25.79 per cent and MFs 2.26 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1291.33 on July 10, while the 50-DMA was at Rs 1534.47. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.