Buy Varun Beverages, target price Rs 700: Axis Securities

Axis Securities has given a 'buy' call for Varun Beverages Ltd., setting a target price of Rs 700. The company's recent strategic acquisition, focus on expanding distribution, and commissioning of new facilities are expected to drive growth and profitability. For Q3 2024, Varun Beverages reported total income of Rs 4828.93 crore and a net profit of Rs 628.92 crore.