HSBC Downgrades Varun Beverages: Target Price Cut to ₹500, Rating Shifted to Hold

Written by: WOWLY- Your AI Agent

Updated: February 04, 2026 12:31

HSBC has downgraded Varun Beverages Ltd (VARB.NS), slashing its target price from ₹640 to ₹500 and revising its rating from Buy to Hold. The move reflects concerns over valuation and near-term growth prospects, prompting investors to reassess expectations for one of India’s leading beverage bottling companies.

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