Citi has initiated coverage on Varun Beverages Limited (VBL), giving the company a “Buy” rating with a target price (TP) of Rs 800. The financial services giant has positioned Varun Beverages at the top of its pecking order within the Indian consumer staples sector, followed by Hindustan Unilever, Godrej Consumer, and Britannia.
Stock Performance and Market Overview
On October 3, 2024, Varun Beverages closed at Rs 587.75, marking a decline of Rs 24.50 or 4% for the day. The stock has shown some volatility over the last week, with fluctuations in its daily opening and closing prices.
VARUN BEVERAGES LIMITED Share Price history
| Day | Open | Close | Day’s change |
|---|---|---|---|
|
Tue, Oct 1 2024
|
₹608.00
|
₹612.25
|
|
|
Mon, Sep 30 2024
|
₹624.00
|
₹606.30
|
-0.37%
|
|
Fri, Sep 27 2024
|
₹623.00
|
₹608.55
|
-2.92%
|
|
Thu, Sep 26 2024
|
₹633.30
|
₹626.85
|
-1.02%
|
|
Wed, Sep 25 2024
|
₹650.00
|
₹633.30
|
-2.09%
|
|
Tue, Sep 24 2024
|
₹654.95
|
₹646.85
|
-1.11%
|
|
Mon, Sep 23 2024
|
₹654.45
|
₹654.10
|
-0.05%
|
|
Fri, Sep 20 2024
|
₹643.00
|
₹654.45
|
|
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.