Varun Beverages Ltd Share Price – NSE  / BSE

FMCG, Mid Cap

Varun Beverages has acquired 29.99% of equity share capital of FPEL HR2 Energy (a special purpose vehicle inter-alia engaged to generate & supply solar power to consumers in the state of Haryana) to obtain solar power for captive consumption for Rs. 1.58 crore.

Varun Beverages Ltd rose for a third straight session today. The stock is quoting at Rs 432, up 2.15% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.99% on the day, quoting at 24011.35. The Sensex is at 77413.31, up 1.02%. Varun Beverages Ltd has added around 0.17% in last one month.

Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has added around 1.96% in last one month and is currently quoting at 47640.7, up 0.96% on the day. The volume in the stock stood at 30.68 lakh shares today, compared to the daily average of 70.4 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 435.2, up 2.39% on the day. Varun Beverages Ltd is down 20.84% in last one year as compared to a 5.18% gain in NIFTY and a 13.71% gain in the Nifty FMCG index.

The PE of the stock is 55.64 based on TTM earnings ending December 25.

Varun Beverages Ltd is down for a fifth straight session today. The stock is quoting at Rs 404.75, down 1.53% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.98% on the day, quoting at 23171.6. The Sensex is at 74668.43, down 1.8%.Varun Beverages Ltd has lost around 11.21% in last one month.Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has eased around 6.5% in last one month and is currently quoting at 48189.15, down 0.43% on the day. The volume in the stock stood at 51.16 lakh shares today, compared to the daily average of 44.19 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 403.7, down 2.03% on the day. Varun Beverages Ltd tumbled 20.21% in last one year as compared to a 2.94% rally in NIFTY and a 7.33% fall in the Nifty FMCG index.

The PE of the stock is 53.97 based on TTM earnings ending December 25.

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Varun Beverages has approved the acquisition of additional 23% equity share capital of Jager Renewables Two (a special purpose vehicle engaged to generate & supply solar power to consumers in the state of Rajasthan) to obtain solar power for captive consumption, for a consideration of Rs. 7.05 crore. Post acquisition, the company shall hold 49% stake in Jager Renewables Two.

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