Varun Beverages Ltd

(VBL)

Varun Beverages Faces Volatility Amid Strategic Moves - 21 Nov, 2024

Varun Beverages raised Rs 7,500 crore via QIP and expanded into South Africa. Despite a share price drop, analysts maintain a positive outlook with a target price increase to Rs 770.

Varun Beverages Raises ₹7,500 Crore Through QIP - 20 Nov, 2024

Varun Beverages Limited announced the successful closure of its Qualified Institutions Placement, raising ₹7,500 crore by allotting 13.27 crore shares at ₹565 each, a 4.97% discount to the floor price.

Varun Beverages Market Cap Surges by Rs 5,486 Crore - 19 Nov, 2024

Varun Beverages Limited shares rose 2.77% to Rs 626.75, increasing market capitalization by Rs 5,486 crore to Rs 2,03,613.86 crore. The surge reflects strong investor confidence.

Varun Beverages Shares Surge, Market Cap Rises - 18 Nov, 2024

Varun Beverages shares experienced significant gains, rising 2.69% and later 3.29%, leading to a market cap increase of Rs 6,252 crore.

Varun Beverages Stock Shows Mixed Performance - 17 Nov, 2024

On November 14, 2024, Varun Beverages closed at ₹578.90, down 15% from its 52-week high but up 45% from its low. The stock experienced fluctuations during the day, reflecting investor confidence despite the recent decline.

Nuvama Cautions on Varun Beverages Amid Competition - 15 Nov, 2024

Nuvama Institutional Equities expresses concern over Varun Beverages' market position due to Campa Cola's aggressive pricing strategy, impacting its beverage brands like Mountain Dew and Gatorade.

Varun Beverages Launches QIP and Expands Acquisitions - 14 Nov, 2024

Varun Beverages launched a QIP to raise up to Rs 7,500 crore, driving a 5% stock surge. The company also announced strategic acquisitions in Africa and India, enhancing its market position.

Varun Beverages Launches QIP and Expands in Africa - 13 Nov, 2024

Varun Beverages has launched a QIP to raise up to ₹7,500 crore and acquired full ownership of SBC Tanzania and Ghana. Citi remains optimistic about the company's growth prospects in Africa.

Varun Beverages Expands with Major Acquisitions - 12 Nov, 2024

Varun Beverages announced significant acquisitions, including 100% stakes in SBC Tanzania and SBC Ghana for ₹1,431.1 crore, and plans to acquire the remaining stake in Lunarmech Technologies. These moves aim to enhance its presence in Africa and production capabilities in India.

Varun Beverages Shares Rise Amid Mixed Financials - 11 Nov, 2024

Varun Beverages shares increased by 1.26% to Rs 598.7. Despite a 33.31% drop in quarterly sales, the stock has gained 48.35% over the past year. The MACD indicates a bearish bias.

Varun Beverages Plans Rs 7,500 Cr QIP Fundraising - 31 Oct, 2024

Varun Beverages aims to raise up to Rs 7,500 crore through a QIP to strengthen its balance sheet and fund capacity expansion. The company reported a 24.1% revenue growth and 22.3% profit growth for Q3 2024.

Varun Beverages Stock Shows Strong Support Levels - 29 Oct, 2024

Varun Beverages stock, currently priced at Rs 599, has a 54% upside potential. It has rallied 1,700% since April 2018, finding support at Rs 527. For upward momentum to resume, it needs to trade above Rs 675, with potential targets of Rs 727 and Rs 800.

Varun Beverages Faces Market Challenges and Opportunities - 24 Oct, 2024

Varun Beverages experiences a market cap drop due to weak demand and competition. However, strong Q3 results and strategic plans for low-price products offer potential growth.

Varun Beverages Reports Strong Q3 Performance and Analyst Support - 23 Oct, 2024

Varun Beverages Ltd shows strong Q3 results with a 22.33% net profit increase. Analysts from HSBC and Citi maintain buy ratings, highlighting growth potential despite weather challenges. The stock exhibits a bullish trend, supported by positive technical analysis and increased production capacity.