Tuesday, June 15, 2021
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This PepsiCo Bottling And Distributor Stock Has 21% Upside Potential

Motilal Oswal has initiated coverage on the stock of Varun Beverages, with a price target of Rs 1,101, which is 21 per cent higher from the current levels. According to the brokerage firms report, Varun Beverages single-handedly accounted for 80% of PepsiCo India’s business in CY19 (v/s 45% in CY17) on the back of various expansions and acquisitions in the last few years. This PepsiCo Bottling And Distributor Stock Has 21% Upside Potential “Penetration level in the newly acquired territories is comparatively lower compared to existing territories.

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