Varun Beverages Stock Check: Down 13% in January so far; is it time to exit the stock?

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After steep gains, some profit booking is on the expected lines but investors seek clarity on the short and medium trend of the stock.

Varun beverages hit an all-time high; rallies 14% in last four trading sessions

On Tuesday, VBL reported a 53.34% rise in its consolidated net profit at Rs. 395.48 crore for the September ending quarter.  VBL sales volumes in India grew by 22.1% in Q3 CY2022 to 148 million cases, and in international markets, volumes grew by 31.3% to 42 million cases. 

Varun Beverages: Emkay Global sees valuation upgrade, says 'buy' it

Varun Beverages has been on a roll this year so far. It has surged 75% this year till October 25 against a 2% gain in the benchmark Sensex.

Varun Beverages' new drink Sting to ‘energise’ its growth path, says Motilal Oswal;

With the entry into the expanding energy drinks market in India, Varun Beverages -through Sting - has positioned itself at a favorable price point thus attracting masses, said the brokerage.

Varun Beverages is up 97% this year; What should you do now with the stock? MintGenie asks 3 analysts

<ul><li>Varun Beverages is the second largest bottling company of PepsiCo's beverages in the world outside the United States. One fundamental and two technical analysts are positive on the company's future. </li></ul>

Varun Beverages: Growth in newer brands to support overall volumes

Varun Beverages is expanding the distribution network into new territories where it has very small market share indicates huge scope to grow.

Varun Beverages shares rise 45% this year; Here's what technical and fundamental analysts think will happen next

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<ul><li>The stock has been gaining after the impact of Covid-19 diminished. In the last two years, the company's growth was hit significantly due to the restrictions triggered by the spread of coronavirus. We ask fundamental and technical analysts their views on the stock's direction from here</li></ul>

Why are brokerages turning positive on Varun Beverages?

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?&nbsp;

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Varun Beverages Stock Check: Down 13% in January so far; is it time to exit the stock?

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