Why are brokerages turning positive on Varun Beverages?
Updated: 07 Mar 2022, 10:17 AM IST
TL;DR.A deal with PepsiCo's Kurkure is renewing investor and brokerage interest in Varun Beverages. Being the company's first venture out of its beverage business, can it deliver healthy growth?
Amid the sharp selloff in the market, the stock of Varun Beverages has climbed about 3 percent since February while the benchmark Nifty has fallen more than 6 percent in the same period.