Shares of Varun Beverages Ltd fell 0.51 per cent to Rs 1070.8 in Friday’s trade as of 12:33PM (IST) even as the benchmark Nifty ruled at 20955.15, up 54.0 points.
The scrip had closed at Rs 1076.35 in the previous session. The stock quoted a 52-week low of Rs 550.0 and a high of Rs 1130.15. The company quoted a market-cap of Rs 139092.05 crore on the BSE.
On BSE, 11,948 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 69.59 times its trailing 12-month EPS of Rs 15.38 per share and 16.84 times its book value. The return on equity (ROE) stood at Rs 29.34.
Key Financials
For the quarter ended 30-Sep-2023, Varun Beverages Ltd reported consolidated sales of Rs 3889.02 crore, down 22.02 per cent from the same quarter a year ago. The company reported 31.5 per cent YoY growth in net profit at Rs 501.07 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a ‘buy’ or ‘sell’ recommendation using a single valuation ratio.
