The steep rise seen in the stock pushed it towards overbought levels; hence, some consolidation in the short term cannot be ruled out. Short-term traders can look to buy the sock on dips for a target of Rs 1400 in the next 3-4 months, suggest experts. The relative strength index or the RSI on the weekly timeframe is rising.
Varun Beverages shares jump 3% after Q1 PAT rises 15%, revenue grows 20%
Varun Beverages reported a 15% profit and 20% revenue increase in Q1 FY2027. Consolidated sales volumes grew by nearly 20% driven by India and international