Varun Beverages Share Price Today on 07-11-2024: Varun Beverages share price are down by -0.35%, Nifty down by -1.16%

Varun Beverages Share Price Today on 07-11-2024: At 07 Nov 16:01 today, Varun Beverages shares are trading at price ₹596.45, -0.35% down from the previous closing price. Sensex is trading at ₹79541.79, down by -1.04%. The stock has hit a high of ₹608.25 and a low of ₹592.25 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 ₹604.47, ₹612.68, & ₹616.87, whereas it has key support levels at ₹592.07, ₹587.88, & ₹579.67.

Varun Beverages Share Price Today

Till 4 PM today, the volume traded on NSE & BSE for Varun Beverages was 67.95% 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 76.62 .

The median 1-year forecasted upside in this share is at 19.54% 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 -0.35% today to trade at ₹596.45 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 -1.16% & -1.04% each respectively.