Varun Beverages share are down by -3.98%, Nifty down by -2.12%

Varun Beverages Share Price Today on : At 03 Oct 16:00 today, Varun Beverages shares are trading at price ₹588.05, -3.98% down from the previous closing price. Sensex is trading at ₹82497.1, down by -2.1%. 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 ₹597.72, ₹607.98, & ₹613.97, whereas it has key support levels at ₹581.47, ₹575.48, & ₹565.22.

Till 4 PM today, the volume traded on NSE & BSE for Varun Beverages was 361.07% 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 14.45% 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 -3.98% today to trade at ₹588.05 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 -2.12% & -2.1% each respectively.