Varun Beverages' Stock Reaches All-Time High, Outperforms Sector and Sensex

Varun Beverages, one of the leading breweries in the industry, has recently reached an all-time high in its stock price on June 14, 2024. The company's stock has been on an upward trend for the past 8 days, with a consecutive gain of 12.61% during this period. This has led to the stock outperforming the sector by 0.76%.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for Varun Beverages' stock is 'Hold'. The stock is currently trading at a price that is 0.4% away from its 52-week high of Rs 1596.35. This indicates a strong performance by the company in the recent past.

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. This further reinforces the positive trend in the company's stock price.

When compared to the performance of the Sensex, Varun Beverages has shown a remarkable growth of 99.57% in the past year, while the Sensex has only grown by 21.68%. This showcases the company's strong performance and potential for growth in the future.

As a largecap company in the breweries industry, Varun Beverages has established itself as a strong player in the market. With its recent surge in stock price and positive performance indicators, the company is definitely one to watch out for in the coming days.