Large Cap FMCG Stock Rallies 5.80% Post-Final Dividend Announcement, Shares Soars 532.33% In 5 Yrs

Varun Beverages Ltd., a large cap Fast Moving Consumer Goods (FMCG) stock, today, 6 February 2023, declared Final Dividend for the Financial Year ending March 2023. Post the announcement of the dividend the stock rallied. The company has a diversified business conglomerate in beverages, quick-service restaurants, dairy and healthcare. Also, the company is the second largest franchisee of PepsiCo in the world outside the US. It has a market capitalisation of Rs 79,365.22 crore. Here are the key highlights of the stock:

Varun Beverages Ltd Stock Performance

The stock of Varun Beverages last traded share price is Rs 1,221.85 apiece on NSE, jumped 5.80% from the previous close of Rs 1,154.90 apiece. Its 52 week high is Rs 1,432.45 apiece on 12 December 2022 and 52-week low is Rs 583.60 apiece on 7 March 2022, respectively. In a week it gained 2.29%, however, it declined 6.08% in the past 1 month. The stock in 3 months gained 7.28%. It gave 92.88% in the past 1 year. It gave 254.16% in the past 3 years. In the past 5 years, it gave 532.33% positive return.

 

Varun Beverages Ltd Final Dividend

The company in an exchange filing said, "Recommendation of final dividend of Re. 1 (Rupee One only) per Equity Share of the nominal value of Rs. 10/- each for the Financial Year ended December 31, 2022 to the shareholders of the Company on a Record Date to be fixed after taking approval of the shareholders at the ensuing AGM of the Company. To comply with the applicable provisions of the Companies Act, 2013 read with rules made thereunder and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the final dividend will be paid within the prescribed statutory period."

 

 

Disclaimer

The above-mentioned information is purely informational. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.