Share price of Varun Beverages falls as Sensex drops 92.82 points
Promoters held 62.91 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 25.78 per cent and 2.26 per cent, respectively.
The share price of . dropped 2.04 per cent to Rs 1466.0 at 12:42PM (IST) in Tuesday's trade. The scrip has hit a high of Rs 1498.6 and low of Rs 1465.15 so far during the session. The stock had closed at Rs 1496.65 in the previous session.The counter has had a total traded volume of 73806 shares so far with a value of Rs 10.96 crore on the . It traded at a price-to-earnings multiple of 88.87 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 72.32 per cent during the past one year, while the 30-share index advanced 22.31 per cent during the same period.
. belongs to the FMCG Food & Beverages industry.
Promotor/FII Holding
Promoters held 62.91 per cent stake in the company as of 31-Mar-2024, while overseas investors and domestic institutional investors ownership stood at 25.78 per cent and 2.26 per cent, respectively.
Key Financials
The firm reported consolidated sales of Rs 4406.33 crore for the quarter ended 31-Mar-2024, up 64.61 per cent from the previous quarter's Rs 2676.8 crore and up 12.89 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
