Friday, October 18, 2024
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Friday, October 18, 2024

Varun Beverages shares fall as Nifty strengthens

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Shares of Varun Beverages Ltd fell 1.89 percent to Rs. was 1596.75.

During the session, the stock traded at Rs. 1646.05 high price and Rs. It touched a low of 1593.9.

The return on equity (ROE) for the stock was 29.64 percent. The volume traded over the counter was at 12:38PM and the turnover at that time was Rs. 5.43 crore was.

Shares of Varun Beverages Limited respectively Rs. 1673.7 and Rs. A 52-week high and 52-week low of 785.0 were shown.

The counter’s beta value, which measures its volatility relative to the broader market, was 0.34.

Promoter/FII holding
As on 30-Jun-2024, promoters held 62.66 per cent stake in the company, while foreign investors held 25.32 per cent and domestic institutional investors 4.54 per cent.

Chief Financial Officer

For the quarter ended 31-Mar-2024, the company posted Rs. 4325.67 crores reported consolidated sales, up from the previous quarter’s Rs. 2676.8 crore to 61.6 percent and the year-ago quarter’s Rs. 3903.11 crore was 10.83 percent higher.

The net profit after tax in the latest quarter was Rs. 537.27 crore, which was 25.22 percent higher than the same quarter a year ago.

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