Varun Beverages' Stock Hits New 52-Week High, Outperforms Sector and Sensex

Varun Beverages, a leading player in the breweries industry, has seen a positive trend in its stock performance. On June 10, 2024, the company's stock gained 4.28%, closing at Rs. 1593.7. This is a new 52-week high for the company, indicating a strong upward momentum.

According to MarketsMOJO, a leading stock analysis platform, Varun Beverages' stock is currently rated as 'Hold'. The stock has outperformed the sector by 1.39% and has been on a consecutive gain for the last 4 days, with a total return of 11.93% during this period. The stock also touched an intraday high of Rs. 1593.7, showing a strong performance.

In terms of moving averages, Varun Beverages is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

The overall action in the breweries sector has also been positive, with a gain of 3.08%. This further supports Varun Beverages' strong performance in the market.

In comparison to the Sensex, Varun Beverages has outperformed with a 1-day performance of 4.73% while the Sensex has shown a slight decline of -0.07%. In the past month, Varun Beverages has also outperformed the Sensex with a 8.66% return compared to the Sensex's 5.47% return.

Overall, Varun Beverages' stock has shown a strong performance in the market, with positive trends and outperforming both the sector and the Sensex. Investors may want to keep an eye on this stock for potential future growth.