Varun Beverages Stock Price: Varun Beverages stock fell 0.51% on Friday’s trading session.
In the previous session, the stock had closed at Rs 1076.35. The stock hit a 52-week low of Rs 550.0 and a 52-week high of Rs 1,130.15. The company quoted a market capitalization of Rs 139,092.05 crore on the BSE.
On BSE, 11,948 shares have been traded so far. At its current price, the stock is trading at 69.59 times its trailing 12-month EPS (Rs 15.38 per share) and 16.84 times its book value. Return on equity (ROE) was recorded at 29.34 rupees.
main financial
For the quarter ended September 30, 2023, Varun Beverages Ltd. reported consolidated revenue of Rs 388.92 billion, down 22.02% from the same quarter a year ago. The company reported net profit for the latest quarter at Rs 501.07 billion, up 31.5% year-on-year.
technical indicators
The relative strength index (RSI) for stocks was released on Friday. RSI oscillates between 0 and 100. Traditionally, an RSI value above 70 is considered overbought, and an RSI below 30 is considered oversold.
Analysts say the RSI indicator should not be viewed in isolation, just as fundamental analysts cannot use a single rating ratio to make a “buy” or “sell” recommendation. Just getting a trading call may not be enough.
