India's Varun Beverages hits record high

Varun Beverages

14/06/2024 09:52

** Shares of Varun Beverages  VARB.NS  rise as much as 3.1%
to a record high of 1,627 rupees
    ** Stock top gainer on Nifty FMCG Index  .NIFTYFMCG , which
is up 0.06%
    ** VARB eyes eighth straight session of gains, on track for
its best streak since July 1, 2022
    ** Seventeen analysts covering the stock on avg have a "buy"
rating; median PT is 1,625 rupees - LSEG data
    ** VARB trading above its 200-day simple moving avg since
mid-Nov, 2020
    ** Stock up ~7% so far this week, eyes best weekly gain
since Dec. 22

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))