Varun Beverages Soars 5%, To Set Up Plant In UP

The stock price of Varun Beverages surged over 5% intraday on May 5, 2017, as the buzz about the company setting up a new manufacturing unit in Uttar Pradesh became stronger in the market.

The new manufacturing unit being set up by the PepsiCo’s bottler, Varun Beverages, in the Hardoi district of Uttar Pradesh will manufacture a range of Pepsi products in the unit, as the company stated in a BSE filing.     

At 11:30 hrs IST the stock traded at Rs 496, up by 5% on the BSE on May 5, 2017, nearing its 52-week high of Rs 499. Today, the stock had opened at Rs 489 on the bourses, trading at a similar level on the NSE.    

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About Suhani Varma

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