Varun Beverages, a company that bottles drinks for PepsiCo, has seen a significant rise in its share prices over the past few years.
In the last year alone, the share price has increased by 325 percent, more than doubling investors’ money. Here are the details:
Shares Reach 52-Week High
On Friday, Varun Beverages’ share price closed at Rs 1638 on the BSE, up over 3 percent. Earlier in the day, the shares hit Rs 1650, marking a 52-week high.
The 52-week low for the company was Rs 754.35. The market cap of Varun Beverages is now Rs 2,12,846.10 crore.
Experts Remain Positive
A report by Business Today states that brokerage firm Anand Rathi is optimistic about Varun Beverages.
The firm has given the stock a ‘buy’ rating, predicting it will reach Rs 1900 this year.
Experts Are Optimistic
According to a Business Today report, brokerage firm Anand Rathi is optimistic about Varun Beverages.
The firm has given the stock a ‘buy’ rating and predicts it will reach Rs 1900 this year.
Investors See Big Gains
Two years ago, Varun Beverages’ shares were priced at Rs 527.
On June 16, 2021, they were Rs 263. This represents a 523 percent increase over two years.
Company’s Financial Health
In the first quarter of this year, Varun Beverages reported a net profit of Rs 537.30 crore, a 25.2 percent increase from Rs 429.10 crore in the same quarter last year.
The company follows a January to December financial cycle.
