Citi initiates 'Buy' rating on Varun Beverages, sees 36% upside
- Posted on October 4, 2024
- By Business News Today
- 2 Views
Citi initiates 'Buy' rating on Varun Beverages, sees 36% upside
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.
