Varun Beverages Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 27930.63 Crore) operating in FMCG sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1336.46 Crore, down -26.00 % from last quarter Total Income of Rs 1806.11 Crore and up 6.39 % from last year same quarter Total Income of Rs 1256.23 Crore. Company reported net profit after tax of Rs -7.24 Crore in latest quarter.
Investment Rationale
The brokerage advises traders to buy the stock in range of Rs 988 – 958 with a stop loss of Rs 850 for an upside target of 1210. The time frame for the same could be 1 to 3 months.
Promoter/FII Holdings
Promoters held 66.4 per cent stake in the company as of Dec 30, 2020, while FIIs held 20.5 per cent, DIIs 5.9 per cent and public and others 7.3 per cent.
