Varun Beverages Ltd shares are in the news today because PepsiCo’s leading bottler announced an extension of its planned acquisition of SBC Beverages Ghana Ltd from Ghana Bottling Company Ltd for $15.06 million (Rs 1,27 crore). The deal, which was originally scheduled to close on February 28, 2025, has been extended to March 31, 2025, subject to regulatory clearances, including those from PepsiCo Inc.
Varun Beverages shares price closed the previous session 4.70% down at Rs 476.40, compared to the previous closing of Rs 499.90. The stock reached a 52-week low of Rs 454.20 on February 19 of this year.
A total of 2.23 lakh shares of the company changed hands, resulting in a turnover of Rs 10.83 crore. The firm’s market capitalization fell to Rs 1.61 lakh billion.
The multibagger stock sank 21.37% in one year then increased 84% in two years.
In terms of technicals, Varun Beverages’ relative strength index (RSI) is 36, indicating that the company is not overbought or oversold.
Varun Beverages’ shares are trading below the 5 day, 10 day, 20 day, 30 day, 50 day, 150 day, and 200 day moving averages. The stock has a beta of 0.8, which indicates relatively low volatility over a year.
