Varun Beverages shares up 0.71% as Nifty gains
A total of 10,667 shares changed hands on the counter till 11:06AM (IST).
NEW DELHI: Shares of . traded 0.71 per cent up in Wednesday's trade at 11:06AM (IST). Around 10,667 shares changed hands on the counter.The scrip opened at Rs 1561.2 and touched an intraday high and low of Rs 1569.7 and Rs 1556.55, 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.
Total market cap of the Ltd. stood at Rs 202862.91 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 4325.67 crore for the quarter ended 31-Mar-2024, up 61.6 per cent from previous quarter's Rs 2676.8 crore and up 10.83 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 25.79 per cent and the promoters 62.91 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 93.74 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
