Varun Beverages Ltd continued its positive momentum, rising 1.45% to ₹431.15 on the NSE as of 12:44 IST. According to reports from Business Standard, the stock has now risen for five consecutive sessions, demonstrating sustained investor interest. The benchmark NIFTY was down 0.29% at 23,345.95 during the same period, while the Sensex traded at 74,600.56, declining 0.35%.
Despite the recent gains, Varun Beverages remains down 5.97% over the past year, as reported by Business Standard. This performance compares favorably to the 7.25% decline in the NIFTY and the 17.33% drop in the Nifty FMCG index during the same period. The stock has gained 0.74% over the last month, showing some recovery from its yearly lows.
The Nifty FMCG index, of which Varun Beverages is a constituent, has risen 3.84% in the last month and was quoting at 45,900.9, down 0.43% on the day, according to Business Standard. Trading volume for the stock stood at 31.29 lakh shares during the session, which is significantly lower than the daily average of 76.54 lakh shares recorded over the past month. The September futures contract for the stock was quoting at ₹431.55, up 1.18% on the day.
The stock's PE ratio stands at 48.81 based on trailing twelve months earnings ending June 26, as reported by Business Standard. This valuation metric reflects the premium pricing that investors are willing to pay for the beverage company's prospects in the current market environment.
