Varun Beverages Share Price Today on 08-11-2024: At 08 Nov 16:00 today, Varun Beverages shares are trading at price ₹593, -0.58% down from the previous closing price. Sensex is trading at ₹79486.32, down by -0.07%. The stock has hit a high of ₹598.3 and a low of ₹588 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 ₹597.57, ₹604.13, & ₹609.37, whereas it has key support levels at ₹585.77, ₹580.53, & ₹573.97.
Till 4 PM today, the volume traded on NSE & BSE for Varun Beverages was 4.16% 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 is currently experiencing a strong downtrend.
From a fundamental analysis perspective, the company has a ROE of 34.15% & ROA of 15.68% respectively.The current P/E of the stock is at 76.37 .
The median 1-year forecasted upside in this share is at 20.24% with a target price of ₹713.00.
The company has a 0.00% promoter holding, 1.69% MF holding, & 24.18% FII holding as per filings in the september quarter.
The MF holding has increased from 1.62% in june to 1.69% in the september quarter.
The FII holding has decreased from 25.32% in june to 24.18% in the september quarter.
Varun Beverages share price down -0.58% today to trade at ₹593 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 -0.21% & -0.07% each respectively.
