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Citi initiates 'Buy' rating on Varun Beverages, sees 36% upside

2024-10-04 07:22:27| The Economic Times

Citi has given Varun Beverages a 'Buy' rating with a target price of Rs 800, citing strong market position and growth prospects. Despite this, shares fell 3% to Rs 570. HSBC also rated it 'Buy' at Rs 780, highlighting potential for market share gains through innovative marketing.


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