Varun Beverages Q3 results: Net profit soars 150% YoY; Re 1/share dividend declared
The company's revenue from operations grew by 27.7% YoY to Rs 2,214 crore in the December quarter of CY22. Meanwhile, the EBITDA increased by 48.1% to Rs 3,07.5 crore in Q4CY22 from Rs 207.6 crore in Q4CY21.Its sales volumes grew by 17.8% in the December quarter of the calendar year 2022 to 13.2 crore cases
SGX Nifty down 25 points; here's what changed for market while you were sleeping
After turning net buyers on the first day of February, Foreign portfolio investors (FPIs) have returned to old ways by selling shares worth Rs 932 crore on Friday, provisional data showed. DIIs on the other hand, net bought shares to the tune of Rs 1,264 crore.
High conviction buy! Varun Beverages can rally over 28%, says Jefferies
We expect the company to enjoy industry-leading growth in revenue and earnings. The balance sheet should continue to de-lever, and RoCE looks set to expand to 30% this year. Execution is top-notch with attractive industry opportunity-management guides for double-digit medium-term volume growth," it said.
Varun Beverages jumps as Jefferies expects 28% upside, retains 'buy' tag
Varun Beverages stock has yielded impressive results in 2022, growing over 120 percent in the year. The stock has outperformed the Nifty FMCG index. The company has given positive returns to shareholders every single year since its listing in 2016.
India may underperform China for a few months, but could end with 15% return: Samir Arora
"We should not worry about money flowing from india to China. In the end, this will sort itself out. We have to control ourselves like we are now being worried about the Budget, that the government will increase taxes on capital gains. If they do that then we will be shooting ourselves in the foot and can't blame anybody else but us, Nobody else in the world taxes foreign investors, nobody!"
Adani Group firms dominate list of top wealth creators in 2022; Paytm, Zomato bleed most
From being the countrys biggest IPO, Paytm ended up being the biggest wealth destroyer over the past year. Amidst net losses, investors have increasingly shown discomfort over the complicated business model of the financial services company.
Trade Spotlight | What should you do with Jubilant Pharmova, Tube Investments of India, Varun Beverages on Monday?
Varun Beverages was also in focus, climbing 3 percent to end at record closing high of Rs 1,410 and formed bullish candle on the daily charts. Also it has seen a break out of small horizontal resistance trend line adjoining December 5 and December 8.
ETMarkets Smart Talk | Nifty in overbought zone; Vaishali Parekh’s 3 stock ideas for next week
Market has definitely gone in an overbought zone, but still there is inherent strength witnessed on the daily chart. There is an Inverted Head and Shoulder pattern, which has a projected target of around 19,900-20,000 levels and after a short consolidation or correction can further regain strength.
Big Movers on D-St: Sensex tops 63K; Varun Beverages, HUDCO and Lemon Tree could see 7-10% upside
Shares price of Varun Beverages (VBL) rallied over 10% in intraday trade on Wednesday to hit a fresh all-time high. The positive momentum resumed after the breakout of fortnightly consolidation with huge volume suggesting the strength of the trend. The histogram contracted on the downside to move towards the zero line, which leads to an upward slant.
India set for a good stock & sector pickers’ market; here’s what Devang Mehta is buying
“I will throw some weight on discretionary consumption which can be food and beverages or jewellery and watches and of course, what better play than Titan? Apart from it, not exactly discretionary but there are certain businesses that we like in the food & beverage space which is something like Varun Beverages.”
MSCI rejig may see Rs 8,300 crore inflow in six stocks
The changes in constituents for the MSCI global standard indices will take place on 30 November. These changes are expected to result in flows between $132 million and $ 207 million into these six stocks by the end of this month, according to an estimate by IIFL Alternative Research.
Big Movers on D-St: What should investors do with M&M Financial Services, Varun Beverages and Rail Vikas Nigam?
Due to temporary overbought conditions, we could see some profit booking at higher levels. However, the medium-term trend is still on the positive side unless it starts trading below Rs 1,100. Positional traders retain an optimistic stance and look for an upside of Rs 1,275-1,325.
The 52-week high is the highest price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor to analyse a stock's current value and to predict its future price movement.
Varun Beverages climbs over 6% on strong Q3 results
“The festive season in Q4 is expected to further aid consumption trends in this calendar year. We are confident that we can sustainably deliver healthy volume growth across all product categories going forward and further strengthen our market position in the beverage industry.
Consumer packaged-goods makers have reeled from COVID-19-led high costs of raw materials, including that of polyethylene terephthalate (PET) plastic used in packaging sodas, with the onset of the Russia-Ukraine war pushing expenses higher.
Stocks in the news: Tata Steel, Sun Pharma, Airtel, Axis Bank, L&T and Glenmark
Sun Pharma, Adani Ports, TechM, UPL, Voltas, Varun Beverages, Chola Finance, UPL, Macrotech Developers, Max Healthcare, Kansai Nerolac and LIC Housing are among the companies that will announce their results for September 2022 quarter today.
ETMarkets Smart Talk: Long term bets! Axis Bank, ICICI Lombard look attractive from BFSI space: Manish Jeloka
"While we expect the volatility in the markets to continue in the near term as the US Fed continues its rate hikes, we believe that inflationary pressures should start easing off in H2CY2023 which will allow central banks to cut rates which will be positive for the markets. In such a scenario we will advise investors to use any near-term volatility in the markets to increase exposure to equities. We expect the markets to start on a new uptrend in CY2023 once inflation levels come down."