{"id":95640,"date":"2023-03-16T17:45:00","date_gmt":"2023-03-16T12:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=95640"},"modified":"2023-03-16T18:20:42","modified_gmt":"2023-03-16T12:50:42","slug":"analysts-remain-bullish-on-this-multibagger-beverage-stock-with-an-upside-potential-of-24","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/analysts-remain-bullish-on-this-multibagger-beverage-stock-with-an-upside-potential-of-24\/","title":{"rendered":"Analysts remain bullish on this multibagger beverage stock with an upside potential of 24%\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3400508338\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Varun Beverages Ltd. (VBL) is one of the largest franchisees of PepsiCo globally. It is valued at Rs 85,000 crore and is involved in the production and distribution of a broad range of carbonated soft drinks, non-carbonated soft drinks, and packaged drinking water. Pepsi, Mirinda, Mountain Dew, and Tropicana Juices are some of the top brands sold by the company.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3546075671\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The shares of the beverage company fell as much as 5.86% to Rs 1,266.85 during the first half of the trading session on Thursday. However, the stock regained some of its losses and closed at Rs 1,306.15 per share, down 2.94% for the day.&nbsp;<\/p><p>In the last 12 months, the stock has surged giving a multi-bagger gain of 107% to its investors. Thus Rs 1,00,000 invested a year ago in the company would have become Rs 2,07,000 by now, resulting in profits of Rs 1,07,000 for the investors.&nbsp;<\/p><p>The management of the company is bullish on the Indian soft drinks market as it expects substantial growth led by a multitude of factors such as fast urbanization, rising income &amp; expenditure levels, rural development, and electrification.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-803908976\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The analysts at the domestic brokerage firm Sharekhan by BNP Paribas opinionated, \u201cManagement was optimistic about achieving strong revenue growth in the upcoming season as inventory created for the summer season has already been exhausted. This might lead to higher volume growth compared to the company&#8217;s near aspiration in Q1CY2023 and Q2CY2023.\u201d&nbsp;<\/p><p>The company has plans to expand its capacity by 30% and distribution capabilities by 10% in the near future. Along these lines, the brokerage anticipates a revenue and PAT growth of 18% and 25% over the CY2022-CY2024E period.&nbsp;<\/p><p>Multiple brokerage firms have initiated positive ratings on the stock of VBL with varied price targets.&nbsp;<\/p><p><strong>Among them, the analysts at Motilal Oswal Financial Services have provided a \u2018buy\u2019 call with a target of Rs 1,620 on the stock. This translates into a potential upside of 24% for the investors.&nbsp;<\/strong><\/p><p><strong>Written by Vikalp Mishra\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2705860982\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Varun Beverages Ltd. (VBL) is one of the largest franchisees of PepsiCo globally. It is valued at Rs 85,000 crore and is involved in the production and distribution of a broad range of carbonated soft drinks, non-carbonated soft drinks, and packaged drinking water. Pepsi, Mirinda, Mountain Dew, and Tropicana Juices are some of the top [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,1514],"tags":[],"class_list":["post-95640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news-alert"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analysts remain bullish on this multibagger beverage stock with an upside potential of 24%\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"In the last 12 months, the stock has surged giving a multi-bagger gain of 107% to its investors. Thus Rs 1,00,000 invested a year ago in the company would have become Rs 2,07,000 by now, resulting in profits of Rs 1,07,000 for the investors.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/analysts-remain-bullish-on-this-multibagger-beverage-stock-with-an-upside-potential-of-24\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analysts remain bullish on this multibagger beverage stock with an upside potential of 24%\u00a0\" \/>\n<meta property=\"og:description\" content=\"In the last 12 months, the stock has surged giving a multi-bagger gain of 107% to its investors. 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