Varun Beverages share are down by -3.19%, Nifty down by -1.56%

Varun Beverages Share Price Today on : At 03 Oct 13:00 today, Varun Beverages shares are trading at price 592.85, -3.19% down from the previous closing price. Sensex is trading at 82887.8, down by -1.64%. The stock has hit a high of 602.1 and a low of 585.85 during the day.

On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 days SMA

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at 618.33, 624.42, & 630.83, whereas it has key support levels at 605.83, 599.42, & 593.33.

Till 1 PM today, the volume traded on NSE & BSE for Varun Beverages was 370.58% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, The stock’s continued downtrend suggests a bearish trend is underway..

From a fundamental analysis perspective, the company has a ROE of 34.15% .The current P/E of the stock is at 82.17 & P/B is at 23.19.

The median 1-year forecasted upside in this share is at 13.52% with a target price of 673.00.

The company has a 62.66% promoter holding, 1.62% MF holding, & 25.32% FII holding as per filings in the june quarter.

The MF holding has increased from 1.52% in march to 1.62% in the june quarter.

The FII holding has decreased from 25.78% in march to 25.32% in the june quarter.

Varun Beverages share price down -3.19% today to trade at 592.85 while its peers are mixed. Its peers such as are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -1.56% & -1.64% each respectively.

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  • Aniket Pujari

    Aniket Pujari is a visionary entrepreneur and dedicated content creator who has made significant contributions to the digital media landscape. As the founder of Minute To Know News, he has established himself as a leading figure in the world of finance, cryptocurrencies, and Internet-related topics.

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