Varun Beverages Share Price: PepsiCo’s bottle manufacturing company Varun Beverages has seen a rapid rise in share price over the past few years. The company’s share price has increased by 325 percent in the last one year. That means investors’ money has more than doubled during this period. Let’s know more about this stock-
Nifty-50 to touch 25,000! Specialists are booming in these fields
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On Friday, the company’s share price rose over 3 percent to Rs. was at the level of 1638. On the first day, the share price of the company had reached the level of Rs 1650. This is a 52-week high. Let us tell you that the 52-week low level of the company is Rs 754.35. The market cap of the company is Rs. 2,12,846.10 crores.
Specialist bullish
According to a Business Today report, brokerage firm Anand Rathi is bullish on the stock. The brokerage firm has given the FMCG stock a ‘buy’ tag. Anand Rathi believes that the company’s shares will reach the level of Rs.1900 this year.
The company’s IPO is set to open on June 21, priced below Rs 50, GMP cuts the deal
Investors have become rich in the last 2 years
Two years ago, Varun Webridge’s share price was at Rs 527. At the same time, on June 16, 2021, the share price of the company was at the level of Rs 263. The company’s share price has increased by 523 percent during this period.
How is the financial position of the company?
In the first quarter of this year, the company made Rs. 537.30 crore net profit was made. Which is 25.2 percent more annually. In the same quarter a year ago, the company’s profit stood at Rs. 429.10 crores. Let us tell you that Varun Beverages follows the January to December cycle.