Varun Beverages Share Price: Varun Beverages shares up 0.48% as Nifty advances

Actions of Varun Beverages Ltd.. was trading 0.48 per cent higher at Rs 1,508.2 on Monday around 10:50 am (IST), while the benchmark BSE Sensex advanced 285.62 points to 82,651.39.

A total of 71,354 shares worth Rs 10.75 crore were traded in the market.

The stock traded at a 52-week high price of Rs 1707.1 and a 52-week low price of Rs 828.2.

On the technical charts, the 200-day moving average of the stock was at Rs 1402.3 while the 50-day moving average was at Rs 1566.02. If a stock is trading above both the 50-day moving average and the 200-day moving average, it usually means that the immediate trend is bullish. On the other hand, if the stock is trading below both the 50-day moving average and the 200-day moving average, it is considered to be in a bearish trend and if it is trading between the 50-day moving average and the 200-day moving average, then it suggests that the stock can go either way.

The company’s shares have gained 65.67 per cent in the last one year, while Sensex has risen 25.52 per cent during the same period. BSE According to the data, the stock is trading at a price-earnings multiple of 80.79 and a price-to-book ratio of 23.16. A higher price-to-earnings ratio shows that investors are willing to pay a higher price due to better expectations of future growth. The price-to-book ratio indicates the inherent value of a company and reflects the price that investors are willing to pay even if there is no growth in a business. The stock belongs to the Food & Beverage FMCG industry.

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