JM Financial sees 38% upside in Varun Beverages, says correction overdone, reaffirms Buy rating
- Posted on March 17, 2025
- By Business News Today
- 2 Views
JM Financial sees 38% upside in Varun Beverages, says correction overdone, reaffirms Buy rating
JM Financial maintains a 'Buy' on Varun Beverages with a Rs 675 target, citing strong domestic and international growth drivers. Despite competition from Campa, PepsiCo, and Coca-Cola retain dominance. The company plans Rs 2,000 crore capex for expansion, including Africa.
