Varun Beverages shares fall 0.95 per cent in Wednesday's trading session
Varun Beverages Ltd. fell 0.95 per cent to Rs 920.7 in Wednesday's trade as of 01:49PM (IST) even as the benchmark Nifty ruled at 19702.0, down 109.5 points.
The scrip had closed at Rs 929.55 in the previous session.
The stock quoted a 52-week low of Rs 481.67 and a high of Rs 979.15. The company quoted a market-cap of Rs 119475.09 crore on the BSE.
On BSE, 29,530 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 63.6 times its trailing 12-month EPS of Rs 14.46 per share and 16.84 times its book value. The return on equity (ROE) stood at Rs 29.34.
Key Financials For the quarter ended 30-Jun-2023, Varun Beverages Ltd.
reported consolidated sales of Rs 5653.0 crore, up 13.85 per cent from the same quarter a year ago. The company reported 26.21 per cent YoY growth in net profit at Rs 993.81 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Wednesday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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 fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
