Shares of Varun Beverages Ltd rose 0.25 per cent to Rs 1011.5 in Thursday’s trade. It hit an intraday high of Rs 1015.65 and low of Rs 1003.8, respectively, during the day. The stock quoted a 52-week high price of Rs 1024.8 and low of Rs 537.77. As of 11:41AM (IST), the counter saw total traded volume of 46,686 shares with a traded value of Rs 4.71 crore, according to NSE. The stock had closed at Rs 1008.9 in the previous session. The scrip has advanced 9.18 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -1.27 per cent during the same period. According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 65.83 while price-to-book ratio stood at 16.84. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business. The stock belongs to the FMCG Food & Beverages industry. Promoters held 63.1 per cent stake in the company as of 30-Sep-2023, while FII and MF ownership in the firm stood at 27.55 per cent and 2.22 per cent, respectively. The company reported consolidated sales of Rs 3889.02 crore for the quarter ended 30-Sep-2023, down 31.2 per cent from the previous quarter’s Rs 5653.0 crore and down 22.02 per cent from the year-ago quarter’s Rs 3187.24 crore. Its net profit for the latest quarter stood at Rs 501.07 crore, up 31.5 per cent from the same quarter a year ago.