Share price of Varun Beverages falls as Sensex gains 595.42 points
Promoters held 62.66 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 25.32 per cent and 2.42 per cent, respectively.
The share price of . dropped 0.62 per cent to Rs 1584.0 at 11:57AM (IST) in Friday's trade. The stock has hit a high of Rs 1600.0 and low of Rs 1577.85 so far during the session. The stock had closed at Rs 1594.0 in the previous session.The counter has had a total traded volume of 56782 shares so far with a value of Rs 9.03 crore on the . It traded at a price-to-earnings multiple of 95.1 and a price-to-book ratio of 23.16.
A higher price-to-earnings ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 98.82 per cent during the past one year, while the 30-share index advanced 28.51 per cent during the same period.
. belongs to the FMCG Food & Beverages industry.
Promotor/FII Holding
Promoters held 62.66 per cent stake in the company as of 30-Jun-2024, while foreign investors and domestic institutional investors ownership stood at 25.32 per cent and 2.42 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 4325.67 crore for the quarter ended 31-Mar-2024, up 61.6 per cent from the previous quarter's Rs 2676.8 crore and up 10.83 per cent from the year-ago quarter's Rs 3903.11 crore.
Profit for the latest quarter stood at Rs 537.27 crore, up 25.22 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
