Varun Beverages shares up 1.27% as Nifty drops
A total of 44,610 shares changed hands on the counter till 10:20AM (IST).
NEW DELHI: Shares of . traded 1.27 per cent up in Wednesday's trade at 10:20AM (IST). Around 44,610 shares changed hands on the counter.The scrip opened at Rs 1497.05 and touched an intraday high and low of Rs 1515.85 and Rs 1486.05, respectively, in the session so far. The stock of . quoted a 52-week high of Rs 1560.3 and a 52-week low of Rs 754.35.
As per , the total market cap of the Ltd. stood at Rs 193640.57 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 4406.33 crore for the quarter ended 31-Mar-2024, up 64.61 per cent from previous quarter's Rs 2676.8 crore and up 12.89 per cent from the year-ago quarter's Rs 3903.11 crore.
The net profit for latest quarter stood at Rs 537.27 crore, up 25.22 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 2.26 per cent stake in the firm, while foreign institutional investors held 25.78 per cent and the promoters 62.91 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 91.08 and a price-to-book ratio of 23.16. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Ltd. belongs to the FMCG Food & Beverages industry.
Source: Stocks-Markets-Economic Times
