Varun Beverages Ltd Shares Rise 2.15% for Third Consecutive Day
Varun Beverages Ltd soars 2.15%, rises for third straight session
Business Standard
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Varun Beverages Ltd's stock increased by 2.15% to ₹432 as of 12:49 IST on the National Stock Exchange (NSE), marking its third consecutive day of gains. Despite this rise, the stock has experienced a 20.84% decline over the past year, contrasting with gains in the broader NIFTY and Nifty FMCG indices.
- 01Varun Beverages Ltd's stock rose 2.15% to ₹432.
- 02The stock has decreased 20.84% over the past year.
- 03The NIFTY index gained 5.18% during the same period.
- 04The stock's price-to-earnings (PE) ratio is 55.64.
- 05Trading volume today was 30.68 lakh shares, below the monthly average.
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Varun Beverages Ltd's stock price climbed 2.15% to ₹432 on the National Stock Exchange (NSE), continuing its upward trend for the third consecutive day. Despite this recent performance, the stock has seen a significant decline of 20.84% over the past year, while the NIFTY index has gained 5.18% and the Nifty FMCG index has risen by 13.71%. The stock's price-to-earnings (PE) ratio stands at 55.64, based on trailing twelve-month earnings ending December 25. Today's trading volume reached 30.68 lakh shares, which is lower than the daily average of 70.4 lakh shares over the past month. The overall market is also performing well, with the NIFTY up 0.99% and the Sensex up 1.02%.
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Investors in Varun Beverages Ltd may need to reassess their positions given the stock's significant decline over the past year, despite recent gains.
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