Varun Beverages stock price down 0.19 per cent as Sensex slides
Varun Beverages Ltd. fell 0.19 per cent to Rs 1256.6 at 11:16AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.
Want to take exposure to a sector which grows much faster than GDP
As per data available on BSE, total traded quantity on the counter stood at 25,050 shares with a turnover of Rs 3.15 crore till 11:16AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 81.14, 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 1278.4 and a low of Rs 1244.75 during the session and quoted a 52-week high price of Rs 1380.45 and a 52-week low of Rs 550.0.
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 922.26 on January 23, while the 50-DMA was at Rs 1159.34. 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 57.2. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 31-Dec-2023, promoters held 63.09 per cent stake in the company, while FIIs held 26.58 per cent and domestic institutional investors had 3.58 per cent.
