Varun Beverages shares gain 2.47% as Sensex rises
A total of 21,543 shares changed hands on the counter till 10:25AM (IST)
Shares of . traded 2.47 per cent up at Rs 1515.55 at 10:25AM (IST) on Thursday, even as benchmark gained 183.39 points to 74666.17. The scrip had closed at Rs 1479.0 in the previous session.The stock quoted a 52-week high and 52-week low of Rs 1560.3 and Rs 700.0, respectively.
As per BSE data, total traded volume on the counter till 10:25AM (IST) stood at 10:25AM shares with turnover at Rs 3.24 crore.
At the prevailing price, the stock trades at 91.08 times its trailing 12-month earnings per share of Rs 15.82 per share and 23.16 times its price-to-book value, the exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.34.
Shareholding Details
Promoters held 62.91 per cent stake in the company as of 31-Mar-2024, while FIIs owned 25.79 per cent and DIIs 4.16 per cent.
Source: Stocks-Markets-Economic Times
