Varun Beverages Ltd eases for fifth straight session

Varun Beverages Ltd dropped for a fifth straight session today. The stock is quoting at Rs 447, down 1.07% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.54% on the day, quoting at 24755.4. The Sensex is at 80723.46, down 0.54%.Varun Beverages Ltd has eased around 10.19% in last one month.Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has eased around 1.21% in last one month and is currently quoting at 55108, down 0.3% on the day. The volume in the stock stood at 27.32 lakh shares today, compared to the daily average of 60.78 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 446.95, down 1.2% on the day. Varun Beverages Ltd tumbled 26.55% in last one year as compared to a 5.44% slide in NIFTY and a 16.56% fall in the Nifty FMCG index.

The PE of the stock is 60.1 based on TTM earnings ending June 25.

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