Varun Beverages Faces Sustained Downward Trend Amid Broader Market Challenges

Jan 17 2025 09:50 AM IST
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Varun Beverages experienced a decline on January 17, 2025, underperforming its sector. The stock traded below multiple moving averages and has seen a notable decrease over the past month, contrasting with the benchmark Sensex. Despite these challenges, it remains a significant player in the large-cap segment.
Varun Beverages, a key player in the breweries and distilleries sector, faced a decline of 3.75% on January 17, 2025, underperforming the sector by 2.81%. The stock hit an intraday low of Rs 553.35, reflecting a decrease of 3.6% during the trading session.

Currently, Varun Beverages is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. Over the past month, the stock has experienced a notable decline of 14.74%, contrasting with a 5.02% decrease in the benchmark Sensex. Despite these challenges, Varun Beverages maintains a significant position within the large-cap segment of the industry.
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