The stock of Varun Beverages surged more than 3% intraday on April 28 as the board of directors considered a bonus share issue at its meeting today.
In today’s meeting, the board of directors of Varun Beverages, a franchisee bottler of carbonated soft drinks and non-carbonated beverages supplied under PepsiCo trademarks, will also examine and approve unaudited financial results on a standalone and consolidated basis for the quarter ending March.
Varun Beverages was trading at Rs 1,065.00 on the BSE at 10:05 a.m., up Rs 27.95 or 2.70 percent.
On 26 April 2022 and 28 April 2021, the stock reached a 52-week high of Rs 1,140 and a 52-week low of Rs 603.37, respectively.
It is now trading 6.58 percent lower than its 52-week high and 76.51 percent higher than its 52-week low.
In the previous nine months and a year, the stock price has increased by 43 and 72 percent, respectively.