Varun Beverages Ltd

(VBL)

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.

Varun Beverages Reports Strong Q3 Earnings Growth - 22 Oct, 2024

Varun Beverages announced impressive Q3CY24 results, with a 22.4% rise in net profit to Rs 628.82 crore and a 25.2% increase in revenue. The company also plans to raise Rs 7,500 crore through equity issuance to support growth initiatives.

Varun Beverages Plans Major Fundraise for Growth - 10 Oct, 2024

Varun Beverages intends to raise Rs 7,500 crore through a Qualified Institutional Placement (QIP) to fund growth initiatives and strengthen its balance sheet. HSBC maintains a bullish outlook, setting a target price of Rs 780, indicating a potential upside of 32%. The QIP will result in approximately 4% equity dilution but is expected to enhance financial resilience and drive returns for investors.

Varun Beverages Plans Major Fundraise via QIP - 09 Oct, 2024

Varun Beverages Ltd. announced plans to raise Rs 7,500 crore through a Qualified Institutions Placement (QIP) to fund expansion and repay debts. The stock rose 3% following the board's approval, reflecting positive market sentiment.

Varun Beverages Stock Surges on Positive Momentum - 08 Oct, 2024

Varun Beverages shares experienced significant gains on October 8, 2024, rising nearly 8% and boosting market capitalization by ₹14,641 crore. The stock's upward trend was supported by strong trading volumes and investor optimism ahead of a board meeting to discuss fundraising through QIP.

Varun Beverages Shares Decline Amid Fundraising Plans - 07 Oct, 2024

Varun Beverages shares fell 3.41% as the company announced a board meeting on October 9 to consider fundraising through Qualified Institutions Placement (QIP). The stock has experienced significant volatility recently, with a notable drop of over 5% during trading sessions.

Citi Bullish on Varun Beverages Amid Profit Booking - 04 Oct, 2024

Citi initiated coverage on Varun Beverages with a Buy rating and a target price of Rs 800. The company reported strong Q2 earnings, but shares faced recent profit booking, leading to a slight decline. Despite this, the stock has shown impressive long-term growth, rebounding significantly from its 52-week low.

Citi Initiates Coverage on Varun Beverages with Buy Rating - 03 Oct, 2024

Citi has initiated coverage on Varun Beverages Limited with a 'Buy' rating and a target price of Rs 800. Despite this positive outlook, the stock closed at Rs 587.75, down 4% on October 3, 2024, amid recent volatility.