Varun Beverages share are up by 8.88%, Nifty up by 0.88%

Varun Beverages Share Price Today on : At 08 Oct 16:00 today, Varun Beverages shares are trading at price ₹589.9, 8.88% up from the previous closing price. Sensex is trading at ₹81634.81, up by 0.72%. The stock has hit a high of ₹595 and a low of ₹537.8 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 ₹613.35, ₹632.85, & ₹671.1, whereas it has key support levels at ₹555.6, ₹517.35, & ₹497.85.

Till 4 PM today, the volume traded on NSE & BSE for Varun Beverages was 1028.41% 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 72.75 & P/B is at 20.53.

The median 1-year forecasted upside in this share is at 15.10% with a target price of ₹679.00.

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.