Today, Varun Beverages (VBL) hit a new high of Rs 870, up 2% on the BSE.
Last month, the stock had rallied 16 per cent, a comparatively 2 per cent rise in the S&P BSE Sensex. In the last six months, the share has surged 44 per cent against 12 per cent, declining in the benchmark index.
- Krishana Phoschem Shares Rally 4%, Setting Up Fertiliser Manufacturing Plant
- Abbott to Market MSD’s Diabetes Drugs in India; Shares Trading Flat
- Vodafone Idea Shares Gain 1% pm Pact with AST SpaceMobile
- Dabur Enters Nutraceuticals with Digital-First Brand ‘Siens’; Shares Flat
- Tata Technologies Picked by Volvo as Strategic Supplier; Shares Trading Flat
Meanwhile, the stock zoomed 65 per cent in a year compared to a 2.2 per cent gain in the Sensex.
VBL has issued bonus shares in the ratio of 1:2, i.e. one bonus share for every two shares held in the company in the previous two years.
VBL is a key player in the beverage industry and one of the largest franchisees of PepsiCo in the world (outside the USA). The company produces and distributes a wide range of carbonated soft drinks (CSDs) and a large selection of non-carbonated beverages (NCBs), including packaged drinking water sold under the trademark of PepsiCo.
