The share price of the company that makes bottles for PepsiCo has seen a steady rise since its listing. Investors are consistently getting positive returns from listing. The company was listed on the stock exchange in 2016. Since then, not a single year has passed when investors have not benefited.
Let us tell you that this stock has managed to give positive returns even in 2024. On Tuesday, December 31, the company's shares were trading at 637.50, down 0.92 percent.
The company's share price has seen a 30 percent rise this year. Which is less than last 3 years. But after this Nifty 50 index has managed to give 9 percent return.
The share price of Varun Beverages Ltd has seen an increase of 87 percent in the year 2023. The company's share price increased by 145 percent in 2022 and the stock managed to return 45 percent in 2021.
Brokerage firm Antique has given a 'buy' rating to the bottling company for PepsiCo. According to the report, the brokerage house believes that the share price of the company can go up to the level of Rs 710.
The brokerage house has stated in its report that the company raised Rs. 7500 crore has been successful in collecting. In which the company has to pay the current debt of Rs. 5600 crore will be given.
Note: Do not invest in stock market without knowledge. Before investing in any shares you should talk to your financial advisor once. If you do not do so, you may suffer financial loss.
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