Varun Beverages Limited shares have been on a bullish run ever since the company announced its earnings for the March quarter along with a 1:2 stock split. VBL’s share price has gone up 17% in just the past month.
VBL’s share price continued the upward climb on Friday as the stock surged over up over 8% to reach a new 52-week high of ₹1,747. The beverages giant reported a significant increase in revenue, with a 38% surge year-over-year to ₹3,893 crore. The net profit for the quarter stood at ₹429.1 crore, up close to 69% from the same period last year.
Now, with the fundamentals in mind, let’s consider what would have happened if you had invested ₹10,000 in VBL shares last year.
On June 7, 2022, VBL shares closed at ₹743.10. If you had invested ₹10,000 on this day, you would have been able to purchase approximately 13 shares. Today with the massive surge, your investment would have been worth ₹22,711, more than double your initial investment.
Price Action: VBL share price was up 5.15% to trade at ₹1,701.00 on Friday afternoon.
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Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.
Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.
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