Shares of Varun Beverages Ltd look set to cross the Rs 1,000 mark, thanks to a strong growth momentum amid favourable macroeconomic indicators. Interestingly, the Varun Beverages stock is yet to scale the Rs 1,000 mark despite delivering multibagger returns in two and three years. Shares of Varun Beverages zoomed 202% and 518% in two years and three years, respectively.
Multibagger stock: Varun Beverages shares have risen for the fourth consecutive session today. Market cap of Varun Beverages rose to Rs 1.18 lakh crore.
Varun Beverages stock gained 2.06% intraday to Rs 1740.65 against the previous close of Rs 1705.55 on BSE. In a year, the stock has zoomed 130% and gained 28% in 2023.