Varun Beverages' Stock Sees -3.2% Decline, Underperforms Sector and Market.

Varun Beverages, a leading player in the breweries and distilleries industry, saw a decline of -3.2% in its stock on October 17, 2024. This underperformance was reflected in the stock's price summary, with the stock falling -1.12% below the sector's performance for the day.

The stock has been on a downward trend for the past two days, with a consecutive fall of -3.55% in returns. On the day of the article, the stock touched an intraday low of Rs 588.05, representing a -3.36% decrease.

While Varun Beverages' stock is currently trading higher than its 200-day moving average, it is lower than its 5-day, 20-day, 50-day, and 100-day moving averages. This indicates a mixed trend in the stock's performance.

In the broader sector of breweries and distilleries, there has been a decline of -2.08%, further highlighting the underperformance of Varun Beverages' stock.

Comparing the stock's performance to the overall market, Varun Beverages has seen a -3.19% decrease in the past day, while the Sensex has only seen a -0.51% decrease. Over the past month, Varun Beverages' stock has seen a -9.29% decrease, while the Sensex has only seen a -2.40% decrease.

Overall, Varun Beverages' stock has seen a decline in its performance, both in the short term and the long term. Investors may want to hold onto their current positions in the stock, as recommended by MarketsMOJO.