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Godfrey Phillips India Ltd fell 2.69% today to trade at Rs 5602.6. The BSE Fast Moving Consumer Goods index is down 0.87% to quote at 21012.73. The index is down 3.5 % over last one month. Among the other constituents of the index, Varun Beverages Ltd decreased 2.67% and ITC Ltd lost 2.54% on the day. The BSE Fast Moving Consumer Goods index went up 7.23 % over last one year compared to the 16.75% surge in benchmark SENSEX.
Godfrey Phillips India Ltd has lost 16.34% over last one month compared to 3.5% fall in BSE Fast Moving Consumer Goods index and 0.85% rise in the SENSEX. On the BSE, 1032 shares were traded in the counter so far compared with average daily volumes of 4286 shares in the past one month. The stock hit a record high of Rs 8480 on 16 Sep 2024. The stock hit a 52-week low of Rs 2040.05 on 20 Dec 2023.
Varun Beverages Ltd rose for a third straight session today. The stock is quoting at Rs 633.05, up 3.8% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.25% on the day, quoting at 23745.85. The Sensex is at 78340.19, up 1.29%. Varun Beverages Ltd has added around 9.44% in last one month.
Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has added around 5.68% in last one month and is currently quoting at 56314.35, up 0.96% on the day. The volume in the stock stood at 61.31 lakh shares today, compared to the daily average of 54.56 lakh shares in last one month.
The PE of the stock is 88.84 based on TTM earnings ending September 24.
The company stated that it may offer a discount of not more than 5% on the floor price so calculated for the issue.
The issue price will be determined by the company in consultation with the book running lead managers appointed for the issue.
Varun Beverages is a key player in beverage industry and one of the largest franchisees of PepsiCo in the world (outside USA). As on date, VBL has been granted franchises for various PepsiCo products across 27 States and 7 Union Territories in India. VBL has also been granted the franchise for various PepsiCo products for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe.
The company had reported 23.7% jump in consolidated net profit to Rs 619.61 crore on 24.1% rise in revenue from operations (excluding excise duty) to Rs 4,804.68 crore in Q3 CY25 over Q3 CY24.