Should you buy/sell/hold PepsiCo bottler Varun Beverages' shares?

ZeeBiz WebTeam Aug 21,2024

Should you buy/sell/hold PepsiCo bottler Varun Beverages shares?

[{"selector":"#anim-411733b7-666e-401e-a3f8-5a2b4022301b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(23.584905660377366%, 22.497253469989236%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a81d6ee5-4603-40db-80f5-c9e435c8b45a","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-972e7f2e-1675-4b90-a4e7-74274675dc2a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Here's how analysts view Varun Beverages shares.

BofA Securities maintains 'buy'

[{"selector":"#anim-041b4770-c3e0-453a-8193-624b245a9654 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(10.02123546551805%, -23.58490088996807%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-3befd6a3-daaf-47df-a21c-35525c047f03","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-e99e07fd-779b-480b-a4ad-ca981323a253","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The brokerage has a target of Rs 1,840 for the stock.

How BofA Securities views Varun Beverages

[{"selector":"#anim-0e648945-57b5-42a7-8ecc-1803526b53f3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.333670599398587%, -23.58490088996807%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e0ed58a5-9f0b-4826-89c7-9c8fb182e6b1","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-6e230c2a-7d02-45b2-b9a4-fb0d1c7fa3ad","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] According to the brokerage, the PepsiCo bottling company's business fundamentals continue to be strong.

How BofA Securities views Varun Beverages

[{"selector":"#anim-587016ea-524e-4bb4-9653-a905832f1bd2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-6.698212079521053%, 23.584905660377366%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-44aba6a5-fa4c-48ac-872e-95321f223f72","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-339edf8d-41db-4d16-853b-a623f4231389","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] According to the brokerage, a pullback post-Q1 FY25 results has enhanced a buying opportunity in the stock.

How BofA Securities views Varun Beverages

[{"selector":"#anim-56df873d-bf5e-4eb2-b99c-c9770f9949e5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-4.676103112827507%, 23.584905660377366%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b86277da-3ce6-4004-9b29-7ecdf916e2e4","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-101b6fb6-2a21-4ebe-948a-e80800463610","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The brokerage is positive on Varun Beverages' distribution expansion drive, new products, and new territories.

What to do with power stocks?