Pepsi India bottler Varun Beverages hits record high

Varun Beverages

10/06/2024 08:59

** Shares of Varun Beverages  VARB.NS  rise as much as 5% to
a record high of 1,593.7 rupees
    ** VARB among top gainers on Nifty FMCG Index  .NIFTYFMCG ,
eyes fourth consecutive day of gains
    ** Nearly 86,000 shares of co traded in two block deals at
an average price of 1,575.6 rupees per share on Monday, a ~4%
premium to Friday's close of 1518.6 rupees, as per LSEG data
    ** VARB trading above its 200-day simple moving avg since
mid-Nov, 2020
    ** Seventeen analysts covering the stock on avg have a "buy"
rating; median PT is 1,625 rupees - LSEG data
    ** Stock has gained ~6% since reporting its Q1 results on
May 13


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