Varun Beverages rises 0.26% as Sensex slides

Shares of Varun Beverages Ltd. traded at Rs 907.4 on BSE at 01:08PM (IST) on Thursday, up 0.26 per cent from previous close.

The scrip quoted a 52-week low price of Rs 481.67 and a high of Rs 941.6.

Earlier, the stock saw a gap down opening in the morning.

A total of 52,150 lakh shares changed hands on the counter till 01:08PM (IST).

The stock of Varun Beverages Ltd. commanded a market value of Rs 117870.65 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 62.74, while the price-to-book value ratio stood at 16.84. Return on equity (ROE) was at 29.34 per cent, according to exchange data.

In the BSE500 pack, 134 stocks traded in the green, while 367 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 0.34.

Promotor/FII Holding
Promoters held 63.62 per cent in Varun Beverages Ltd. as of 30-Jun-2023 while overseas and domestic institutional investors owned 26.71 per cent and 2.37 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 747.31 on September 21, while the 50-DMA was at 864.24. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.