Shares of Varun Drinks rose as a lot as 5.76% to Rs 3,717.5 apiece. They pared positive factors to shut 5.58% larger at Rs 513.9 apiece. This compares to a 0.57% advance within the NSE Nifty 50.
The inventory had fallen 23.71% within the final 12 months and 19.45% year-to-date. Complete traded quantity thus far within the day stood at 8.11 instances its 30-day common. The relative power index was at 58.18.
Out of 29 analysts monitoring the corporate, 27 preserve a ‘purchase’ ranking, two advocate a ‘maintain’ in response to Bloomberg information. The common of 12-month consensus worth goal implies a possible upside of 18.7%.
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