Varun Beverages Share Price Soars After Listing on Stock Exchange
Since being listed on the stock exchange, Varun Beverages shares have provided attractive returns to investors. Several brokerage firms have given positive ratings to this stock. Now, Morgan Stanley has included Varun Beverages in its coverage list with an overweight rating. Morgan Stanley has set a target price of ₹1,701 for this stock, which is 23% higher than the closing level on Monday.
Varun Beverages shares have received buy or close ratings from 18 brokerage firms, including CLSA with a target price of ₹1,774 and KR Choksey with a target price of ₹1,732 per share. According to Morgan Stanley, Varun Beverages has a solid track record of pursuing domestic and global opportunities. The company also has good profitability.
Varun Beverages’ Indian business is expected to grow at an annual rate of 19% over the next three years. In terms of valuation, this stock is in a good position. Trading at 57 times the estimated earnings per share for the calendar year 2025, Varun Beverages shares are performing well. The company’s shares are trading at 66 times the estimated EPS for FY26 set by Nestle and 54 times the estimated EPS for Tata Consumer.
Varun Beverages’ shares were listed in 2016. Since then, the stock has provided investors with 18 times higher returns. The company has delivered positive annual returns every calendar year since its stock listing. Varun Beverages’ shares have increased by 12% in the first four months of 2024. In 2023, it delivered a return of 87% and in 2022, it saw a return of 123%.
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