Varun Beverages Share Price Today on : Varun Beverages share are up by 0.09%, Nifty up by 0.42%

Varun Beverages Share Price Today on : At 18 Oct 16:00 today, Varun Beverages shares are trading at price ₹588.35, 0.09% up from the previous closing price. Sensex is trading at ₹81224.75, up by 0.27%. The stock has hit a high of ₹599.5 and a low of ₹579 during the day.

On the technical front, the stock is trading above the 10,300 days SMA & lower than the 5,20,50,100 day SMA. The stock will have support at 10,300 days SMA & face resistance at 5,20,50,100 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 ₹598.3, ₹609.2, & ₹619.0, whereas it has key support levels at ₹577.6, ₹567.8, & ₹556.9.

Till 4 PM today, the volume traded on NSE & BSE for Varun Beverages was 186.55% 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, Though the stock is showing signs of bottoming out, investors should exercise patience and await confirmation of a bullish short-term trend for a confirmed reversal..

From a fundamental analysis perspective, the company has a ROE of 34.15% .The current P/E of the stock is at 78.97 & P/B is at 22.28.

The median 1-year forecasted upside in this share is at 18.30% 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.