Share price of Varun Beverages jumps as Sensex gains 282.73 points
A total of 19,304 shares changed hands on the counter till 10:50AM (IST)
Share price of . gained 1.09 per cent to Rs 1460.5 at 10:50AM (IST) in Friday's trade. The counter hit a high of Rs 1465.0 and low of Rs 1440.0 so far during the session. The stock had closed at Rs 1444.65 in the previous session.The counter had a total traded volume of 10:50AM shares so far with a turnover of Rs 2.8 crore on . The stock traded at a price-to-earnings 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 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 foreign investors and domestic institutional investors ownership stood at 25.79 per cent and 4.16 per cent, respectively.
Key Financials
The company 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.
Its 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
