Varun Beverages share price down 0.23 per cent
A total of 75,351 shares changed hands on the counter till 12:06PM (IST).
Shares of . traded 0.23 per cent up at Rs 1512.0 at around 12:06PM (IST) on Friday. The stock had closed at Rs 1515.55 in the previous session. Equity benchmark traded 56.43 points lower at 74171.2 around the same time. The scrip has climbed 107.9 per cent in the last one year till date, while the 30-share index has gained 27.36 per cent during the same period.
The stock's 52-week high price stood at Rs 1560.3 and the 52-week low price at Rs 687.5.
Trading volume on the counter stood at 75,351 shares, while it quoted a price-to-earnings ratio of 95.51, an EPS value of 15.82 and a price-to-book value of 23.16. In the Nifty50 pack, 19 stocks traded in the green, while 31 stocks were in the red.
Promoter/FII Holding
Promoters held 63.09 per cent stake in the company as of 31-Dec-2023, while foreign institutional investors and MF ownership stood at 26.58 per cent and 2.31 per cent, respectively.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 2676.8 crore, 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. The company reported net profit of Rs 131.97 crore for the latest quarter.
Technical Indicators
The MACD signalled a bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
The stock's 52-week high price stood at Rs 1560.3 and the 52-week low price at Rs 687.5.
Trading volume on the counter stood at 75,351 shares, while it quoted a price-to-earnings ratio of 95.51, an EPS value of 15.82 and a price-to-book value of 23.16. In the Nifty50 pack, 19 stocks traded in the green, while 31 stocks were in the red.
Promoter/FII Holding
Promoters held 63.09 per cent stake in the company as of 31-Dec-2023, while foreign institutional investors and MF ownership stood at 26.58 per cent and 2.31 per cent, respectively.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 2676.8 crore, 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. The company reported net profit of Rs 131.97 crore for the latest quarter.
Technical Indicators
The MACD signalled a bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
Source: Stocks-Markets-Economic Times
