Varun Beverages inches up after its arm starts commercial production of carbonated soft drinks, packaged drinking water
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Varun Beverages is currently trading at Rs. 1560.30, up by 0.75 points or 0.05% from its previous closing of Rs. 1559.55 on the BSE.
The scrip opened at Rs. 1560.05 and has touched a high and low of Rs. 1567.90 and Rs. 1552.95 respectively. So far 18476 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1673.70 on 19-Jun-2024 and a 52 week low of Rs. 785.00 on 24-Jul-2023.
Last one week high and low of the scrip stood at Rs. 1646.05 and Rs. 1539.25 respectively. The current market cap of the company is Rs. 202694.46 crore.
The promoters holding in the company stood at 62.66%, while Institutions and Non-Institutions held 29.86% and 7.47% respectively.
Varun Beverages’ wholly-owned subsidiary -- RDC SAS has started commercial production of carbonated soft drinks and packaged drinking water at its production facility at Kinshasa, Democratic Republic of Congo.
Earlier, the company had started commercial production of carbonated soft drinks & energy drinks (juices and value added dairy products to be started) at its production facility at Gorakhpur, Uttar Pradesh.
Varun Beverages is franchisee of CSDs and NCBs sold under trademarks owned by PepsiCo in India and internationally.
