Varun Beverages – See what’s happening!

investment and trading 1 Minute

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Varun Beverages | CMP: Rs 849 | The stock added over 3 percent on October 29. The firm posted 56.9% jump in its Q2FY22 net profit at Rs 240.1 crore versus Rs 153 crore and revenue was up 32.7% at Rs 2,440.4 crore versus Rs 1,839.5 crore, YoY. Earnings before interest, tax, depreciation and amortization (EBITDA) was up 29.9% at Rs 494.6 crore versus Rs 380.8 crore and margin at 20.3% versus 20.7%, YoY.

Observation is the key to learn and understand. Look at the graph in the past – VBL takes support at 100 EMA. It’s at same 100 EMA level again, today’s closing 848.35

Rest you can do you own due diligence considering market conditions and other factors.

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