arun Beverages adds Rs2.8 billion (US$39.6 million) in MCap, top heavyweight rise in Paper products sector
Varun Beverages Limited (NSE:VBL), India's largest Paper products company by market cap, has increased Rs9.75 (1.3%) from its previous trading session to close at Rs761.45. Compared with the BSE SENSEX Index which fell 416.5 points (1%) in the day, the relative price increase was 2.3%. The volume was 0.8 times the average daily trading volume of 237,563 shares. It posted the highest rise in MCap with the most influence on the Paper products sector. There were 190,427 shares worth Rs144.7 million (US$2 million) traded today. Today the stock traded between its 74-day high of Rs771.0 and four-day low of Rs745.50.
Technical indicators complementing today's significant uptrend:
+ The positive 10.45 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The 3.5% discount to 12-month high of Rs789.0 against the 56.0% premium to 12-month low of Rs488.12 suggests the stock continues to push for new highs.
+ In the last one month the stock has hit a new 52-week high eight times and in the last three months thrice.
+ The price lifted 3.5% in the last week and jumped 9.1% in the last month.