Varun Beverages shares drop 0.25% as Sensex rises

Shares of Varun Beverages Ltd. traded 0.25 per cent down at Rs 1697.25 at 12:34PM (IST) on Monday, even as BSE benchmark Sensex gained 299.06 points to 62846.17. The scrip had settled at Rs 1701.45 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 1747.15 and Rs 716.65, respectively.

As per BSE data, total traded volume on the counter till 12:34PM (IST) stood at 12:34PM shares with turnover at Rs 5.65 crore.

At the current price, shares of the company trades at 65.99 times its trailing 12-month earnings per share of Rs 25.75 per share and 16.84 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 63.9 per cent stake in the company as of 31-Mar-2023, while FIIs owned 26.0 per cent and DIIs 3.65 per cent.