Varun Beverages Ltd spurts 1.28%, gains for third straight session

Varun Beverages Ltd rose for a third straight session today. The stock is quoting at Rs 420.75, up 1.28% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.24% on the day, quoting at 23325.6. The Sensex is at 74505.4, up 0.26%. Varun Beverages Ltd has dropped around 2.57% in last one month.

Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has dropped around 3.65% in last one month and is currently quoting at 45572.7, up 0.37% on the day. The volume in the stock stood at 34.82 lakh shares today, compared to the daily average of 70.45 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 422, up 0.9% on the day. Varun Beverages Ltd is down 11.32% in last one year as compared to a 7.9% drop in NIFTY and a 18.72% drop in the Nifty FMCG index.

The PE of the stock is 47.71 based on TTM earnings ending June 26.