Varun Beverages Share Price Today on 06-11-2024: Varun Beverages share price are up by 2.19%, Nifty up by 1.12%

Varun Beverages Share Price Today on 06-11-2024: At 06 Nov 16:01 today, Varun Beverages shares are trading at price ₹598.55, 2.19% up from the previous closing price. Sensex is trading at ₹80378.13, up by 1.13%. The stock has hit a high of ₹600.9 and a low of ₹582.8 during the day.

On the technical front, the stock is trading above the 20,300 days SMA & lower than the 5,10,50,100 day SMA. The stock will have support at 20,300 days SMA & face resistance at 5,10,50,100 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 ₹605.67, ₹612.13, & ₹623.82, whereas it has key support levels at ₹587.52, ₹575.83, & ₹569.37.

Varun Beverages Share Price Today

Till 4 PM today, the volume traded on NSE & BSE for Varun Beverages was 254.07% 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 remains in a downtrend, with no clear indications of a reversal at this time..

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 74.96 .

The median 1-year forecasted upside in this share is at 19.12% 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.