Share price of Varun Beverages rises as Nifty weakens
A total of 67,274 shares changed hands on the counter till 10:20AM (IST).
Shares of . gained 1.32 per cent to Rs 1399.65 in Tuesday's trade as of 10:20AM (IST).The stock hit a high price of Rs 1419.0 and low of Rs 1385.25 during the session.
The return on equity (ROE) for the stock stood at 29.64 per cent. Traded volume on the counter stood at 10:20AM shares and turnover at Rs 9.42 crore around that time.
The stock of . quoted a 52-week high and 52-week low prices of Rs 1560.3 and Rs 687.5, respectively.
The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.34.
Promotor/FII Holding
Promoters held 62.91 per cent stake in the company as of 31-Mar-2024, while FIIs held 25.79 per cent and domestic institutional investors had 4.16 per cent.
Key Financials
The company reported consolidated sales of Rs 2676.8 crore for the quarter ended 31-Dec-2023, down 31.17 per cent from previous quarter's Rs 3889.02 crore and down 20.39 per cent from the year-ago quarter's Rs 2223.48 crore.
Net profit after tax for the latest quarter stood at Rs 131.97 crore, up 76.55 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
