Varun Beverages' Stock Sees Decline in Line with Industry Performance

Varun Beverages, a largecap company in the breweries industry, saw a decline in its stock price today. The stock opened with a loss of -3.42% and touched an intraday low of Rs 1515.1, a decrease of -3.79%. This decline is in line with the overall performance of the sector.

In the past three days, Varun Beverages' stock has been on a downward trend, with a loss of -3.33% during this period. The stock's intraday volatility has been high at 34.51%, calculated from the weighted average price. This indicates a high level of uncertainty in the market regarding the stock.

Despite the recent decline, Varun Beverages' stock is still performing better than the Sensex in the short term. In the past month, the stock has seen a decrease of -6.58%, while the Sensex has seen a decrease of -0.87%. However, in the long term, the stock's performance is lower than the 5 day, 20 day, and 50 day moving averages, although it is higher than the 100 day and 200 day moving averages.

Based on these factors, MarketsMOJO has given a 'Hold' call for Varun Beverages' stock. It is important to note that this is a fact-based analysis and does not include any external data or sources. Investors are advised to do their own research and make informed decisions before investing in the stock.