Varun Beverages share price: The stock slipped 3% to Rs 481 today. Market cap of the FMCG firm slipped to Rs 1.62 lakh crore.
Canara Bank Securities said that A trendline breakout has been successfully observed in Indraprastha Gas around the Rs 165 level, signalling a positive shift in momentum.
CG Power saw the four private insurers buying 1,53,000 crore shares for Rs 140 crore. Premier Energies also saw buying to the tune of Rs 133 crore.
Rounding out the top picks are Marico Ltd, with a ‘Buy’ rating and a target of Rs 930, and Varun Beverages Ltd (VBL), which has a ‘Buy’ call alongside a target price of Rs 600.
Axis Direct has suggested select stocks like Endurance Tech, Varun Beverages and Manappuram to make double digit gains in the short-term based on strong technical charts.
Varun Beverages stock hit a 52 week high of Rs 541.20 on May 22, 2026. Amid the current bull run, the FMCG stock has turned overbought on charts with a RSI of 72.
Varun Beverages stock rose 3.45% to a fresh 52 week high of Rs 222.45 against the previous close of Rs 219.40.
Stock market today: Petrol and diesel prices have been hiked by Rs 3 per litre, but Emkay expects further hikes, as under-recoveries persist at Rs 17-18 per litre.
MOFSL highlighted that only 14 companies closed in the red. Among those left behind in April were United Breweries, Astral, and Supreme Industries, which stood out as the top laggards.
With the current phase of rally, the Varun Beverages stock is approaching the 52-week high of Rs 543.50 reached on May 6, 2025.
Varun Beverages outlook: VBL is well placed for healthy Q2CY26 growth due to the El Niño-led heatwave, along with tailwinds from the Twizza and Crickley consolidations, said a brokerage.
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