Varun Beverages Share Price Today on 30-10-2024: Varun Beverages share price are down by -0.48%, Nifty down by -0.51%

Varun Beverages Share Price Today on 30-10-2024: At 30 Oct 16:00 today, Varun Beverages shares are trading at price ₹606.15, -0.48% down from the previous closing price. Sensex is trading at ₹79942.18, down by -0.53%. The stock has hit a high of ₹615.15 and a low of ₹595 during the day.

On the technical front, the stock is trading above the 10,20,300 days SMA & lower than the 5,50,100 day SMA. The stock will have support at 10,20,300 days SMA & face resistance at 5,50,100 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 ₹615.8, ₹627.35, & ₹639.25, whereas it has key support levels at ₹592.35, ₹580.45, & ₹568.9.

Varun Beverages Share Price Today

Till 4 PM today, the volume traded on NSE & BSE for Varun Beverages was 153.98% 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 is displaying strong indications of a trend reversal following a downtrend.

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 77.91 .

The median 1-year forecasted upside in this share is at 17.30% with a target price of ₹711.00.

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 -0.48% today to trade at ₹606.15 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 -0.51% & -0.53% each respectively.