Varun Beverages shares drop 1.46% as Sensex falls
Varun Beverages Ltd. traded 1.46 per cent down at Rs 644.2 at 11:56AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 94.96 points to 84833.65. The scrip had closed at Rs 653.75 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 682.84 and Rs 331.28, respectively.
As per BSE data, total traded volume on the counter till 11:56AM (IST) stood at 11:56AM shares with turnover at Rs 6.15 crore.
At the prevailing price, the stock trades at 86.29 times its trailing 12-month earnings per share of Rs 7.46 per share and 23.16 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
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