Citi has given Varun Beverages a ‘Buy’ rating with a target price of Rs 800, citing strong market position and growth prospects. Despite this, shares fell 3% to Rs 570. HSBC also rated it ‘Buy’ at Rs 780, highlighting potential for market share gains through innovative marketing.
We believe 51,400 to 51,000 should be the strong support for Bank Nifty and we should see a gradual recovery for Bank Nifty too. So,
Citi has given Varun Beverages a ‘Buy’ rating with a target price of Rs 800, citing strong market position and growth prospects. Despite this, shares
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