As of 30-Jun-2024, promoters held 62.66 per cent stake in the company, while FIIs held 25.32 per cent and domestic institutional investors had 2.42 per cent.

Varun Beverages stock price down 0.26 per cent as Sensex climbs

A total of 243,364 shares changed hands on the counter till 12:22PM (IST).

Varun Beverages shares down 3.47% as Nifty drops

The stock quoted a 52-week high price of Rs 1707.1 and low of Rs 800.05.

Varun Beverages shares down 0.21% as Nifty falls

Promoters held 62.66 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 25.32 per cent and 2.42 per cent, respectively.

Share price of Varun Beverages jumps as Sensex gains 136.42 points

Revenue grew 29 per cent Y-o-Y to Rs 7,330 crore which was below expectations. Volume grew to 402 million cases, up 28 per cent

Strong volume growth and rich valuations for Varun Beverages’ stock

VBL target price: Factoring in a soft Q2 and a strong monsoon in Q3, Nuvama cut its EPS target by 5-6 per cent for 2024-2026 and suggested a ‘Buy’ with revised target price of Rs 1,854 from Rs 1,865 earlier.

Varun Beverages shares at 58x! Should you buy VBL stock post Q2 results, split? Target prices & more

Should you buy Varun Beverages shares after Q2 results and stock split announcement? Here’s what analysts say

Varun Beverages: Should You Buy VBL Shares Post Q2 Results, Split? Know Latest Target Price - News18

A total of 103,788 shares changed hands on the counter till 10:15AM (IST).

Share price of Varun Beverages rises as Nifty strengthens

Varun Beverages Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 204973.73 Crore) operating in FMCG sector.

Buy Varun Beverages, target price Rs 1850: Motilal Oswal

The company, which follows the January-December financial year, had reported a net profit of Rs 994 crore in the year-ago period

Varun Beverages Q2 results: Net profit rises 26% to Rs 1,253 crore

Varun Beverages announced sub division of existing shares of the company, such that each equity share having face value of Rs 5 each fully paid-up, be split into such number of equity shares having face value of Rs 2 each.

Varun Beverages shares plunge 6% post Q2 results, stock split, dividend announcements

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Varun Beverages Ltd is a franchisee bottler of carbonated soft drinks and non-carbonated beverages sold under trademarks owned by PepsiCo. The Company produces and distributes products, such as Pepsi, Diet Pepsi and Seven-Up.