Varun Beverages Ltd. saw its stock price go up by 0.85% to reach Rs 651.05 on Monday around 11:15 AM (IST). During the trading session, the stock climbed as high as Rs 653.55 and dipped to Rs 644.15 at its lowest point. The company has a return on equity (ROE) of 29.64%, which means it’s making good profits from its investments.
By 11:15 AM, 11,000 shares of Varun Beverages were traded, amounting to Rs 2.45 crore in turnover. The stock has a 52-week high price of Rs 682.84 and a 52-week low price of Rs 437.62. Its Beta value, which shows how much the stock price might change compared to the overall market, is 0.3446, indicating it’s less volatile.
As of September 30, 2024, the company’s promoters own 60.2% of the shares, foreign investors hold 25.24%, and local institutional investors have 3.75%.
For the quarter ending September 30, 2024, Varun Beverages reported consolidated sales of Rs 4,828.93 crore, which is a 33.31% decrease compared to the previous quarter’s Rs 7,240.89 crore but a 24.17% increase from the same quarter last year, which was Rs 3,889.02 crore. The net profit after tax for this quarter was Rs 619.61 crore, up 23.66% from the same time last year.
The MACD indicator is showing a positive trend for the stock. This means there might be upward movement in the price. The MACD compares two moving averages (average stock prices over specific time periods) to help traders decide when to buy or sell. When the MACD line drops below another line called the signal line, it suggests that prices could fall, and when it rises above, it means prices might go up.
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