Varun Beverages' Stock Sees Decline, Underperforms Sector and Market

Varun Beverages, a largecap company in the breweries and distilleries industry, has recently seen a decline in its stock price. On October 7, 2024, the company's stock lost -3.01%, underperforming the sector by -1.82%. The stock has been on a downward trend for the past three days, with a total decline of -8.33% during this period.

On the same day, Varun Beverages' stock touched an intraday low of Rs 558.7, a decrease of -3.5%. The company's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In comparison to the overall market performance, Varun Beverages' stock has underperformed. On a one-day basis, the stock's performance was -3.33% compared to the Sensex's 0.20% gain. Over the past month, the stock has declined by -6.29%, while the Sensex has seen a 0.82% increase.

MarketsMOJO has given a 'Hold' call for Varun Beverages' stock, suggesting that investors should hold onto their current positions. This information is based on the company's recent stock performance and does not include any future potential or expert opinions. As a largecap company in the breweries and distilleries industry, Varun Beverages' stock performance is an important indicator for investors to consider.