Varun Beverages Shares Soar on Strong Summer Demand

Shares of Varun Beverages surged nearly 5% on March 18, fueled by optimistic predictions from various brokerages about strong summer demand. After hitting a 52-week low on March 3, the stock has rebounded by around 27%. Analysts from Citi Research believe the share price could rise significantly in the next three months due to a boost in earnings and recent acquisitions in Africa. Other firms like JM Financial and DAM Capital also maintain 'Buy' ratings with target prices indicating potential gains of up to 27%. Overall, the outlook for Varun Beverages is bright, especially as summer approaches.