Multibagger stock: Varun Beverages shares were trading flat at Rs 1225.95 against the previous close of Rs 1235.75 on BSE. Market cap of the firm stood at Rs 1.59 lakh crore.
Multibagger stock: Varun Beverages shares have zoomed 350% in two years. The beverages stock fell to a 52-week low of Rs 550 on February 3, 2023 and rose to a record high of Rs 1380.45 on December 20.
Varun Beverages shares ended flat at Rs 1067.95 against Thursday’s close of Rs 1076.35 on BSE. Market cap of the firm fell to Rs 1.20 lakh crore. The stock has a one-year beta of 0.1 , indicating very low volatility during the period.
Varun Beverages: Motilal Oswal Securities expects Varun Beverages to maintain its earnings momentum, led by increased penetration in newly acquired territories in South and West India
Shares of Varun Beverages Ltd look set to cross the Rs 1,000 mark, thanks to a strong growth momentum amid favourable macroeconomic indicators. Interestingly, the Varun Beverages stock is yet to scale the Rs 1,000 mark despite delivering multibagger returns in two and three years. Shares of Varun Beverages zoomed 202% and 518% in two years and three years, respectively.