Varun Beverages shares rise 2.42 per cent in Friday's trading session
The Relative Strength Index of the stock stood at 69.48 on Friday.
Shares of . rose 2.42 per cent to Rs 1617.15 in Friday's trade as of 11:47AM (IST) even as the benchmark ruled at 23444.95, up 46.05 points.The scrip had closed at Rs 1578.8 in the previous session. The stock quoted a 52-week low of Rs 754.35 and a high of Rs 1625.55. The company quoted a market-cap of Rs 205305.79 crore on the .
On BSE, 160,155 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 94.87 times its trailing 12-month EPS of Rs 16.65 per share and 23.16 times its book value. The return on equity (ROE) stood at Rs 29.64.
Key Financials
For the quarter ended 31-Mar-2024, . reported consolidated sales of Rs 4325.67 crore, up 10.83 per cent from the same quarter a year ago. The company reported 25.22 per cent YoY growth in net profit at Rs 537.27 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
