Varun Beverages surged 5.38% to Rs 548.80 at 15:12 IST on BSE after a bulk deal of 5 lakh shares was executed on the scrip at Rs 535 per share at 11:27 IST on BSE.
Meanwhile, the S&P BSE Sensex was down 255.59 points or 0.8% to settle at 31,539.87.
Bulk deal boosted volume on the scrip. On the BSE, 5.36 lakh shares were traded on the counter so far as against the average daily volumes of 19,866 shares in the past one quarter. The stock had hit a high of Rs 550 and a low of Rs 512.30 so far during the day. The stock had hit a record high of Rs 569.65 on 7 July 2017. The stock had hit a record low of Rs 341.25 on 14 March 2017.
The mid-cap company has equity capital of Rs 182.51 crore. Face value per share is Rs 10.
On a consolidated basis, Varun Beverages' net profit rose 21.32% to Rs 245.58 crore on 1.58% fall in net sales to Rs 1626.31 crore in Q2 June 2017 over Q2 June 2016.
Varun Beverages is one of the largest franchisee in the world (outside USA) of carbonated soft drinks (CSD) and noncarbonated beverages (NCB) sold under trademarks owned by PepsiCo. It produces and distributes a wide range of CSD as well as a large selection of NCB including packaged drinking water.
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