Varun Beverages Share Price: Varun Beverages share price rises 1.23 per cent as Sensex falls

Actions of Varun Beverages Ltd.. rose 1.23 per cent to Rs 653.7 at 10:24 am (IST) on Friday. Earlier in the day, the stock saw a gap-up start to the session.

According to the data available in BSEThe total amount traded on the counter stood at 505,888 shares with a turnover of Rs 33.28 crore till 10:24 am (IST). The stock was traded at a price-earnings (P/E) multiple of 87.78, while the price-to-book ratio stood at 23.16.

According to exchange data, the return on equity (ROE) stood at 29.64 per cent. The stock hit an intraday high of Rs 668.05 and a low of Rs 647.35 during the session and traded at a 52-week high of Rs 682.84 and a 52-week low of Rs 331.28.

The stock’s beta value, which measures its volatility relative to the broader market, stood at 0.34.

Technical indicators

On September 13, the stock’s 200-day moving average (DMA) stood at Rs 570.13, while the 50-day DMA stood at Rs 622.14. If a stock is trading above the 50-day DMA and the 200-day DMA, it usually means that the immediate trend is bullish. On the other hand, if the stock is trading below the 50-day DMA and the 200-day DMA, it is considered to be in a bearish trend. If it is trading between the 50-day DMA and the 200-day DMA, then it suggests that the stock can go in either direction. The stock’s relative strength index (RSI) stood at 62.96. The RSI ranges between zero and 100. Traditionally, a stock is considered overbought when the RSI value is above 70 and oversold when it is below 30. promoter who supports

As of June 30, 2024, promoters held 62.66 percent stake in the company, while foreign institutional investors held 25.32 percent and domestic institutional investors held 4.54 percent.

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