The shares of Varun Beverages Ltd, a major bottler manufacturing company for PepsiCo, have seen a tremendous rise since its listing. Since its listing in the stock market in 2016, the company has given positive returns to its investors every year. 2024 also proved beneficial for this stock. However, around 2 pm on December 31, the company’s shares were trading at ₹634.45, down 2%.
30% growth in 2024, story of continuous profits
In 2024, shares of Varun Beverages 30% increase I. Although this is lower than the last three years, the company still outperformed the Nifty50 index’s average return of 9%.
Take a look at past years’ performance:
- 2023: Increase of 87%.
- 2022: 145% increase.
- 2021: Returns of 45%.
- 2020: Profit of 29%.
The company’s consistency in performance has made it a trustworthy stock for investors.
Brokerage house’s view: Bullish trend continues
prime brokerage firm Antique to Varun Beverages ‘Buy’ rating Has given.
- Price Target:
According to the brokerage house, this stock ₹710 Can reach.
- CNBC TV18 reports:
Antique reported that the company recently Rs 7500 crore raised funds of which ₹5600 crore Will be used to repay existing debt.
Year by Year Return Analysis
| Year | Return (%) |
|---|---|
| 2017 | 72 |
| 2018 | 20 |
| 2019 | 35 |
| 2020 | 29 |
| 2021 | 45 |
| 2022 | 123 |
| 2023 | 87 |
| 2024 | 30 |
Why is Varun Beverages the choice of investors?
- Stable Performance:
Stock giving positive returns every year.
- Strong Financial Position:
The company raised Rs 7500 crore from Qualified Institutional Placement (QIP) to reduce debt and invest in expansion.
- Strengths in the Industry:
This company, which makes bottles for big companies like PepsiCo, has strengthened its hold in the market.
- Brokerage House Support:
The bullish rating of a reputed firm like Antique makes it more attractive for investors.
What is the message for investors?
Varun Beverages has proven that it is a reliable stock for the long term by delivering 30% returns in 2024. The brokerage house’s bullish rating and the company’s strong financial position make it an attractive option for investors even in 2025.
