Share price of Varun Beverages jumps as Sensex gains 168.65 points
A total of 17,280 shares changed hands on the counter till 10:55AM (IST)
Share price of . gained 0.11 per cent to Rs 1512.65 at 10:55AM (IST) in Wednesday's trade. The scrip hit a high of Rs 1522.5 and low of Rs 1509.5 so far during the session. The stock had closed at Rs 1510.85 in the previous session.The counter had a total traded volume of 10:55AM shares so far with a turnover of Rs 2.62 crore on . The stock traded at a price-to-earnings multiple of 90.85 and a price-to-book ratio of 23.16.
A higher P/E 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 is the measure of the price that investors are ready to pay even for no growth in the business.
. 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 25.79 per cent and 4.16 per cent, respectively.
Key Financials
The firm reported consolidated net 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.
Its 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
