Varun Beverages up 15% in five days; stock nears record high

The stock was trading 5% higher to Rs 828 in morning deals. It was close to its record high level of Rs 849 touched on September 21, 2018 on the BSE in intra-day trade.

Shares of Varun Beverages (VBL) were trading higher for the fifth straight day on Tuesday. The stock was up 5 per cent at Rs 828 in an otherwise subdued market.

The company is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world (outside USA).

In the last five trading days, the stock has outperformed the market by gaining 15 per cent, as compared to a one per cent rise in the S&P BSE Sensex. At the time of writing this report, it was 2.5% away from its all-time level of