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    HomeNewsBusinessMarketsCash Market | A falling channel breakout is visible in Varun Beverages

    Cash Market | A falling channel breakout is visible in Varun Beverages

    Breakouts in prices, volumes, and oscillator indicate a swift upside move in short term

    Moneycontrol Contributor
    November 02, 2022 / 06:26 IST
    Varun Beverages | CMP: Rs 1,102 | The share price jumped over 5 percent after the firm reported a better-than-expected third-quarter profit on Tuesday as the Pepsi bottler benefited from price increases it had implemented to protect its margins. Profit grew by 59% to $46.1 million in the three months ended September 30. Revenue from operations increased 33% to 32.48 billion rupees for the company, which makes and bottles several PepsiCo Inc-branded drinks such as Mirinda, Mountain Dew, and Tropicana.
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