Varun Beverages Ltd rises for third straight session

Varun Beverages Ltd is up for a third straight session today. The stock is quoting at Rs 419.4, up 2.76% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.02% on the day, quoting at 23816.5. The Sensex is at 76935.59, up 0.02%. Varun Beverages Ltd has slipped around 4.6% in last one month.

Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has slipped around 3.29% in last one month and is currently quoting at 45580, up 1.03% on the day. The volume in the stock stood at 35.8 lakh shares today, compared to the daily average of 49.09 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 419.2, up 2.67% on the day. Varun Beverages Ltd is down 11.12% in last one year as compared to a 6.64% slide in NIFTY and a 17.35% slide in the Nifty FMCG index.

The PE of the stock is 45.44 based on TTM earnings ending September 26.

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