Varun Beverages shares ended at Rs 1,310 on the NSE on Thursday and were up by 35.65 points or 2.65% from the previous closing price.VBL is a key player in the beverage industry and is one of the largest franchisee of PepsiCo in the world (outside US)

Momentum Pick: Up 112% in 1 year! Another 24% upside scope makes Varun Beverages a top bet

The beverages’ sector presents significant growth opportunities in the future, driven by deeper penetration into rural markets, an expanding demographic profile, and a growing middle-class population

Varun Beverages surges 5%, nears record high on strong growth outlook

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Stocks that will see action on March 14, 2023

Stocks to watch: Shares of firms like LIC, Dr Reddy’s, NALCO, Lupin, GAIL, Varun Beverages, and others will be in focus on Tuesday’s trade.

Stocks to Watch: LIC, Dr Reddy’s, NALCO, Lupin, GAIL, Varun Beverages, and Others

Varun Beverages Ltd. is PepsiCo’s largest franchise bottler in India. The company is in the process of further expanding its capacities to meet the higher demand expectations, which is expected to drive significant growth across all product categories. This growth is being driven by factors such as …

Indian soft drink market expected to see significant growth, says PepsiCo bottler Varun Beverages

The Indian soft drink market is expected to see “significant growth” as consumption is anticipated to increase steadily, which will deliver sustainable and healthy volume growth across all product categories, said Varun Beverages Ltd (VBL),

Indian soft drink market likely to see significant growth: Varun Beverages

Motilal Oswal is bullish on Varun Beverages recommended buy rating on the stock with a target price of Rs 1620 in its research report dated March 09, 2023.

Buy Varun Beverages; target of Rs 1620: Motilal Oswal

Varun Beverages Ltd is quoting at Rs 1331.05, up 1.8% on the day as on 12:49 IST on the NSE. The stock is up 117.6% in last one year as compared to a 4.36% spurt in NIFTY and a 27.17% spurt in the Nifty Financial Services index.

Varun Beverages Ltd soars 1.8%

The said changes would become effective from 31 March 2023, NSE said in a statement.

Adani Wilmar, Varun Beverages to enter Nifty Next 50 index

“We don’t want to take any chances by running out of stock. So, we have pre-stocked much earlier this year than we normally do. We have safeguarded ourselves,” Ravi Jaipuria, chairman of RJ Corp-owned Varun Beverages, PepsiCo’s exclusive bottling partner, said at the company’s post-earnings call las…

Companies are rushing to stock retail stores with summer products

ICICI Direct recommended hold rating on Varun Beverages with a target price of Rs 1340 in its research report dated February 06, 2023.

Hold Varun Beverages; target of Rs 1340: ICICI Direct

The creamy layer - amongst the top performing stocks

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.

Varun Beverages Ltd