Varun Beverages stock price down 0.11 per cent as Sensex climbs
Varun Beverages Ltd. fell 0.11 per cent to Rs 803.85 at 01:03PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.
As per data available on BSE, total traded quantity on the counter stood at 43,080 shares with a turnover of Rs 346.0 crore till 01:03PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 62.49, while the price-to-book value ratio stood at 16.84. Return on equity (ROE) was at 29.34 per cent, according to exchange data.
The stock hit an intraday high of Rs 814.4 and a low of Rs 800.25 during the session and quoted a 52-week high price of Rs 873.58 and a 52-week low of Rs 429.68. The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.34.Technical Indicators The 200-DMA (day moving average) of the stock stood at Rs 684.12 on July 26, while the 50-DMA was at Rs 814.68. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way. The Relative Strength Index (RSI) of the stood at 46.56.
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