VBL

Beverages shares extend gains by 5% on bullish views as street hopes of strong summer demand

Several brokerage notes are projecting that

Beverages may witness strong surge as the summer season advances, and also due to benefits from recent acquisitions in Africa. Shares of Varun Beverages jumped nearly 5 percent on March 18 after multiple brokerages issued bullish calls for the stock in anticipation of strong summer demand, extending the rebound from its 52-week low seen on March 3 by nearly 27 ***** stock had fallen nearly 38 percent from its record high of Rs 681 per share.