Varun Beverages shares drop 0.9% as Sensex rises

economictimes.indiatimes.com:

Varun Beverages Ltd. traded 0.9 per cent lower in Monday's session at 02:04PM (IST). The stock opened at Rs 1464.55 and has touched an intraday high and low of Rs 1464.55 and Rs 1404.1, respectively, during the session so far.
The stock quoted a 52-week high of Rs 1560.3 and a 52-week low of 633.3. About 60,219 shares changed hands on the counter so far.

Benchmark Nifty50 was up 7.05 points at 22385.45, while the BSE Sensex traded 8.06 points higher at 73814.21 at the time of writing of this report.
In the Nifty pack, 22 stocks traded the day in the green, while 28 were in the red.

Key Financials For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 2676.8 crore, down 31.17 per cent from the previous quarter's Rs 3889.02 crore and down 20.39 per cent from the year-ago quarter. The company reported net profit of Rs 131.97 crore for the latest quarter.
Promoter Holdings Promoters held 63.09 per cent stake in the company as of 31-Dec-2023, while FIIs held 26.58 per cent and MFs 2.31 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1016.5 on March 04, while the 50-DMA was at Rs 1331.07. 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.