Varun Beverages shares up 0.26% as Nifty gains
A total of 29,821 shares changed hands on the counter till 11:26AM (IST).
NEW DELHI: Shares of . traded 0.26 per cent up in Tuesday's trade at 11:26AM (IST). Around 29,821 shares changed hands on the counter.The counter opened at Rs 1574.55 and touched an intraday high and low of Rs 1574.55 and Rs 1542.75, respectively, in the session so far. Shares of the company of . quoted a 52-week high of Rs 1593.7 and a 52-week low of Rs 754.35.
As per , the total market cap of the Ltd. stood at Rs 201479.04 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 4406.33 crore for the quarter ended 31-Mar-2024, up 64.61 per cent from previous quarter's Rs 2676.8 crore and up 12.89 per cent from the year-ago quarter's Rs 3903.11 crore.
The net profit for latest quarter stood at Rs 537.27 crore, up 25.22 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 2.26 per cent stake in the firm, while foreign institutional investors held 25.78 per cent and the promoters 62.91 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 93.1 and a price-to-book ratio of 23.16. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Ltd. belongs to the FMCG Food & Beverages industry.
Source: Stocks-Markets-Economic Times
