Varun Beverages shares up 0.78% as Nifty gains
Varun Beverages Ltd. rose 0.78 per cent to Rs 895.4 in Wednesday's trade.
It hit an intraday high of Rs 898.0 and low of Rs 883.85, respectively, during the day.
The stock quoted a 52-week high price of Rs 934.5 and low of Rs 480.0.
As of 01:04PM (IST), the counter saw total traded volume of 27,101 shares with a traded value of Rs 241.0 crore, according to NSE.
The stock had closed at Rs 888.4 in the previous session.
The scrip has advanced 11.31 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -3.24 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 61.95 while price-to-book ratio stood at 16.84. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the FMCG Food & Beverages industry.
Promoter/FII Holding Promoters held 63.62 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 26.71 per cent and 2.37 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 5653.0 crore for the quarter ended 30-Jun-2023, up 44.83 per cent from the previous quarter's Rs 3903.11 crore and up 13.85 per cent from the year-ago quarter's Rs 4965.29 crore. Its net profit for the latest quarter stood at Rs 993.81 crore, up 26.21 per cent from the same quarter a year ago.
