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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' volume growth is expected to be robust on the back of strong growth in rural, as well as juices and dairy beverages.
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.
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Shares of Varun Beverages Ltd have outshined peers in returns over a period of one year, three years and five years. Shares of the PepsiCo bottler have delivered multibagger returns of 108%, 467% and 610% to their shareholders in one year, three years and five years, respectively. The FMCG stock classified under the food processing industry has major peers such as Hindustan Foods, KRBL, Bikaji Foods International and Hatsun Agro. Shares of basmati rice producer KRBL have zoomed 75% and 64.22% in one year and three years, respectively. However, during the five-year period, the stock is down 29...