Shares of Varun Beverages (VBL) surged to a new high of Rs 1,560.30, marking a 3% increase on the BSE during Monday’s intra-day trade. This rise in share price occurred despite the overall weak market conditions. The stock price of Varun Beverages, a subsidiary of PepsiCo Inc., also witnessed a significant boost as it rose by 2.5%, reaching a record high of 1,473.55 rupees. On 26th February 2024, Varun Beverages’ stock price rose by 1.32%, closing at 1514.7 per share on the National Stock Exchange (NSE). This positive momentum has propelled the stock’s market capitalization to surpass 2 trillion rupees, an impressive 107% increase in just 8 months. The surge is mainly attributed to the recent distribution agreement for PepsiCo’s snacks portfolio, which includes popular brands such as Lays and Cheetos.

Expanded Story:

Varun Beverages, a leading player in the beverage industry, saw a substantial increase in its share price on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company’s stock reached a new record high, with an intra-day trade of Rs 1,560.30 on the BSE. Similarly, the stock price of Varun Beverages surged by 2.5%, peaking at 1,473.55 rupees, demonstrating strong performance in the market.

One of the factors contributing to this positive trend is the strategic partnership between Varun Beverages and PepsiCo Inc. The two companies have a long-standing distribution agreement for PepsiCo’s snacks portfolio, which encompasses popular brands like Lays and Cheetos. This recent appointment agreement has expanded their collaboration further to include manufacturing Cheetos in Morocco.

The rise in Varun Beverages’ share price has been consistent, with an impressive 107% increase in just 8 months. This surge in market capitalization has propelled the company’s value to exceed 2 trillion rupees, a notable achievement for the beverage sector in India.

The positive performance of Varun Beverages on the stock market is indicative of the company’s strong growth trajectory. The strategic collaboration with PepsiCo Inc. not only expands their product offerings but also strengthens their market presence. The rise in share price reflects investor confidence in the company’s potential for future growth and profitability.

Key Points:

1. Shares of Varun Beverages reached a new high of Rs 1,560.30 on the BSE, showing a 3% increase
2. Varun Beverages’ stock price surged by 2.5% to a record high of 1,473.55 rupees on the NSE
3. The stock witnessed a 1.32% rise on 26th February 2024, closing at 1514.7 per share
4. The company’s market capitalization exceeded 2 trillion rupees, marking a 107% increase in 8 months
5. Varun Beverages signed an appointment agreement with PepsiCo Inc. for manufacturing Cheetos in Morocco

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