Varun Drinks Share Worth: Varun Drinks share value down 1.22 per cent

Shares of Varun Drinks Ltd. traded 1.22 per cent up at Rs 808.2 at round 02:14PM (IST) on Tuesday. The inventory had closed at Rs 818.15 within the earlier session. Fairness benchmark Sensex traded 259.76 factors increased at 65464.81 across the identical time. The scrip has climbed 105.71 per cent within the final one 12 months until date, whereas the 30-share index has gained 23.45 per cent throughout the identical interval.

The inventory’s 52-week excessive value stood at Rs 873.57 and the 52-week low value at Rs 390.22.

Buying and selling quantity on the counter stood at 22,019 shares, whereas it quoted a price-to-earnings ratio of 62.77, an EPS worth of 12.87 and a price-to-book worth of 16.84. Within the Nifty50 pack, 29 shares traded within the inexperienced, whereas 21 shares have been within the pink.

Promoter/FII Holding
Promoters held 63.9 per cent stake within the firm as of 31-Mar-2023, whereas abroad investor and MF possession stood at 26.0 per cent and a couple of.71 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2023, the corporate reported consolidated gross sales of Rs 3903.11 crore, up 75.54 per cent from the earlier quarter’s Rs 2223.48 crore and up 37.63 per cent from the year-ago quarter’s Rs 2835.98 crore. The corporate reported web revenue of Rs 429.07 crore for the newest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is thought for signalling development reversals in traded securities or indices. It’s the distinction between the 26-day and 12-day exponential transferring averages. A nine-day exponential transferring common, referred to as the sign line, is plotted on high of the MACD to replicate “purchase” or “promote” alternatives. When the MACD crosses under the sign line, it offers a bearish sign, indicating that the value of the safety may even see a downward motion and vice versa.