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Equal Weight on Varun Beverages, target price Rs 700: Axis Securities
Axis Securities has set a target price of Rs 700 for Varun Beverages Ltd. The company's stock is currently trading at Rs 585.25. Varun Beverages recently acquired a beverage company in South Africa and DRC. The company is also expanding its distribution reach and manufacturing capabilities. Promoters hold a 62.66% stake in the company, while FIIs and DIIs hold 24.
