The price of the share beun bellages, and the downs in the short term, but be careful of supporting 700 rupees

The price of the Varun Beverages shares was traded at the bottom on Wednesday, as it ended today by -0.2 % with the price at 476 rupees. The arrow had gone this year and decreased by 15 % last month. In addition, it trades without the main indicative averages, including the daily averages of 20, 50 and 200 daily on the daily chart, which confirms a strong momentum.

Despite its decrease, the analysts at Jeffreys have an optimistic offer for VARUN Beverages. The company has a “purchase” rating on the stock, with a price of 715 rupees. This means a 50 % increase in the Varun Beverages (NSE: VBL). Another brokerage company, CLSA, has a price of 770 rupees, which is a 61 % higher era on the share price.

NSE stock struggles are not a problem with the company, but it is a reflection of the landing pressure on the broader ecosystem in the Indian stock market. The NIFTY 50 and Sensex Index Index decreased by more than 4 % last month and fell 5.5 % on an annual basis.

However, Varun Beverages is still in a strong position to continue building on its strong basics that was implemented forward from 2024. The company reported a net revenue of 3,688.79 rupees for a quarter ending in December 2024, an increase of 2,730.98 rupees from the quarter -corresponding quarter in the previous year. The net profit increased by 36.1 to 195.64 rupees, confirming a strong public budget.

Varun Beverages Share Price

The momentum on VARUN drinks is preferable for sellers to be in control because the resistance is at 486 rupees. The stock is likely to move somewhat to find initial support at 467 rupees. However, the controlled control by the sellers will break down this level and potentially test 448 rupees.

On the other hand, the momentum can turn into the upward trend if the price exceeds 486 rupees. This may see the first resistance at 502 rupees, but expanded control by buyers may lead to other gains to test 520 rupees.