Share price of Varun Beverages falls as Sensex drops 690.73 points
Promoters held 63.09 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 26.58 per cent and 2.31 per cent, respectively.
The share price of . dropped 2.56 per cent to Rs 1384.65 at 01:24PM (IST) in Wednesday's trade. The counter has hit a high of Rs 1423.65 and low of Rs 1367.3 so far during the session. The stock had closed at Rs 1421.1 in the previous session.The counter has had a total traded volume of 50508 shares so far with a value of Rs 7.01 crore on the . It traded at a price-to-earnings multiple of 87.49 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 110.98 per cent during the past one year, while the 30-share index advanced 25.34 per cent during the same period.
. belongs to the FMCG Food & Beverages industry.
Promotor/FII Holding
Promoters held 63.09 per cent stake in the company as of 31-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 26.58 per cent and 2.31 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 2676.8 crore for the quarter ended 31-Dec-2023, down 31.17 per cent from the previous quarter's Rs 3889.02 crore and down 20.39 per cent from the year-ago quarter's Rs 2223.48 crore.
Profit 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
