Motilal Oswal is bullish on Varun Beverages recommended buy rating on the stock with a target price of Rs 1110 in its research report dated August 01, 2022.

Varun Beverages Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 60375.64 Crore) operating in FMCG sector.

The applicants paid a total amount of Rs 63 lakh, which comprised Rs 45.5 lakh as settlement amount, Rs 11.43 lakh as disgorgement amount and Rs 5.93 lakh as interest."Pending enforcement proceedings for the alleged defaults ...are settled qua the applicants (Fenton and Singhania)," the Securities and Exchange Board of India (Sebi) said in its order.

"Profit after tax increased by 151.6 per cent to Rs 802 crore from Rs 318.8 crore in Q2/2021, driven by high growth in revenue from operations and improvement in margins," the earning statement said.

The company, which follows January-December financial year, had posted a PAT of Rs 318.80 crore in April-June 2021.

The regulator had conducted an investigation in the matter to ascertain whether certain entities have traded in the scrip of Varun Beverages Ltd (VBL) during the period of December 21, 2017 to January 4, 2018 on the basis of Unpublished Price Sensitive Information (UPSI) pertaining to VBL entering into strategic partnership with PepsiCo India for sale and distribution of the larger Tropicana portfolio.

Varun Beverages Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 52256.27 Crore) operating in FMCG sector.

Property experts said that more people are looking at farmhouses amid the restrictions due to Covid-19. After being stuck at home during the lockdowns, wealthy businessmen and executives are looking for large homes.

It was alleged that Jaipuria had communicated unpublished price-sensitive information (UPSI) relating to a strategic partnership between Varun Beverages Ltd (VBL) and PepsiCo for selling and distribution of the larger Tropicana to two persons. Based on the information, shares of Varun Beverages, PepsiCo India's bottling partner, were traded.

The latest order came after Jaipuria approached Sebi to settle the proceedings initiated against him for the alleged violation "without admitting or denying the finding".

Varun Beverages Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 50064.04 Crore) operating in FMCG sector.

Varun Beverages is witnessing a breakout of Bullish Flag formation to resume its classical uptrend. It is respecting its 20-DMA placed at Rs 735

Hem Securities is bullish on Varun Beverages has recommended buy rating on the stock with a target price of Rs 898 in its research report dated June 14, 2022.