Varun Beverages Share Price Today on : Varun Beverages share are down by -0.36%, Nifty down by -0.34%

Varun Beverages Share Price Today on : At 16 Oct 16:01 today, Varun Beverages shares are trading at price ₹608.5, -0.36% down from the previous closing price. Sensex is trading at ₹81501.36, down by -0.39%. The stock has hit a high of ₹616.4 and a low of ₹601 during the day.

On the technical front, the stock is trading above the 5,10,300 days SMA & lower than the 20,50,100 day SMA. The stock will have support at 5,10,300 days SMA & face resistance at 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 ₹613.8, ₹619.15, & ₹625.3, whereas it has key support levels at ₹602.3, ₹596.15, & ₹590.8.

Till 4 PM today, the volume traded on NSE & BSE for Varun Beverages was 77.41% 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, Initial signs of a trend reversal are evident following the recent downtrend..

From a fundamental analysis perspective, the company has a ROE of 34.15% .The current P/E of the stock is at 82.01 & P/B is at 23.14.

The median 1-year forecasted upside in this share is at 14.38% with a target price of ₹696.00.

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 -0.36% today to trade at ₹608.5 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 -0.34% & -0.39% each respectively.