Varun Beverages share price up 1.32 per cent

Shares of Varun Beverages Ltd. traded 1.32 per cent up at Rs 809.95 at around 10:36AM (IST) on Tuesday. The stock had closed at Rs 799.4 in the previous session. Equity benchmark Sensex traded 108.41 points higher at 63078.41 around the same time. The scrip has climbed 108.35 per cent in the last one year till date, while the 30-share index has gained 22.25 per cent during the same period.

The stock’s 52-week high price stood at Rs 873.57 and the 52-week low price at Rs 375.2.

Trading volume on the counter stood at 73,104 shares, while it quoted a price-to-earnings ratio of 62.87, an EPS value of 12.87 and a price-to-book value of 16.84. In the Nifty50 pack, 29 stocks traded in the green, while 20 stocks were in the red.

Promoter/FII Holding
Promoters held 63.9 per cent stake in the company as of 31-Mar-2023, while FII and MF ownership stood at 26.0 per cent and 2.71 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 3903.11 crore, up 75.54 per cent from the previous quarter’s Rs 2223.48 crore and up 37.63 per cent from the year-ago quarter’s Rs 2835.98 crore. The company reported net profit of Rs 429.07 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.