Top Pick! Varun Beverages can rally up to 16%, says Axis Securities
The brokerage observed that VBL is well placed under the current market situation as the early onset of the summer season is expected to drive overall beverage sales across regions. Further, the initial report on possible El-Nino could delay the rural recovery, which would have led the entire FMCG pack (ex-ITC) under the wait-and-watch mode, it said
