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Varun Beverages Gets ‘Outperform’ In Initiation From JPMorgan, 19% Upside Seen

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Varun Beverages Ltd. got an ‘outperform’ rating from JPMorgan as the brokerage initiated coverage on the stock. It expects a rise in India volumes and better overseas delivery to aid growth. The brokerage gave a target price of Rs 650 apiece, which implies 19.12% upside from the current market…

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