Varun Beverages Changing Ex-Dividend Tomorrow: What Can Be Your Stock Prediction Strategy?

“The Board of Directors has fixed Wednesday, the 12th April, 2023 as the record date, for the purpose of ascertaining the entitlement of Equity Shareholders to receive Final Dividend of Re.1/- per Equity Share of face value of Re.1″ – For each of the financial years ending December 31, 2022 as approved by the equity shareholders of the Company in the Annual General Meeting held on March 27, 2023. Final dividend will be paid on Thursday, April 13, 2023 and those shareholders whose names appear in the register of members of the company or in the list of beneficial owners maintained by the depositories as on Wednesday, April 12, 2023,” the board of directors of Varun Beverages said in a stock exchange filing.

Varun Beverages has declared an equity dividend of 35.00% of the face value 10 which is equal to 3.5 per share for the financial year ending December 2022. It generates dividend yield at the current share price 1,434.90 of 0.24%. The company has a solid track record of dividend declarations during the last five years. As per data from Trendlyne, Varun Beverages Ltd has issued 7 dividends since Aug 16, 2017. Varun Beverages Limited Declares Equity Dividend Price 2.50 per share in the last 12 months. It generates dividend yield at the current share price of 1438.25 0.17%.

Shares of Varun Beverages closed today on NSE 1,434.90 each level, up 1.50% from previous close 1,413.70. The stock has generated multibagger return of 118.76% in last 1 year and has gained 7.64% so far in 2023 on YTD basis. The stock has touched a 52-week high. 1,474.00 (05-Apr-2023) and at a 52-week low at 630.07 (12-Apr-2022).

Commenting on the technical stock outlook, Rahul Ghosh, Founder & CEO – Hedged, an algorithm-driven advisory platform, said, “Varun Beverages stock is making consistent higher highs and higher lows indicating a strong uptrend and is showing strong upside momentum for its Trifecta is trading above the short term moving averages of 8,13 and 20 EMA’s.This is always considered a bullish sign for any stock and more importantly the stock is resilient even in recent market correction The previous supply zone that was formed also did not hold and saw the price move through it. One can hold this stock in the medium term keeping a stop loss of 1275. Also, if the stock on daily chart If the but band continues to move, like it currently is, then this is a continued bullish sign and traders should only look to bearish candlestick formations near the upper band as a sign of any near-term correction. “

Commenting on the fundamental outlook, Kaustubh Pawaskar, DVP Fundamental Research, Sharekhan by BNP Paribas said, “We expect Varun Beverages Limited (VBL) to post strong double-digit revenue and earnings growth, driven by volume growth and realization growth. Inspired by the mix. Against the backdrop of rising temperatures in the current season (in Q1 and Q2CY2023). The company is focused on strengthening its backend by increasing core carbonated beverages/new products capacity by ~30% and new categories such as dairy beverages sensing strong opportunities emerging in the medium to long term. The company aims to achieve mid-to-high teen growth (with double digit volume growth); OPM expected to remain at 21-22%; There has been a steady improvement in the return profile in CY2024E with RoE and RoCE at 31% and 30% respectively. The stock is currently available at an attractive valuation of 49x/39x to CY2023/CY2024E earnings. We have a positive outlook on the stock with a price target 1630.”