5:2 Stock Split: Top Beverages Stock VBL Recommended To BUY, Broker Citi Sets Rs 800/TP; 38% Upside Seen

FMCG giant, Varun Beverages is an attractive bet due to significant opportunities in its soft drink sector. Also, the company's strong market share in the sector makes it appealing. Broker Citi is the latest to recommend BUY on VBL shares, with target price set at Rs 800. The latest recommendation comes after VBL turned ex-split earlier in September.

Currently, the stock is at Rs 578.95 apiece, down by 1.6% on BSE, with market cap of Rs 1,88,082.18 crore as of October 4, 2024.

The PepsiCo distributor in India, turned ex-split on September 12, as it was also the record date for determining entitlement of Equity Shareholders for sub-division / split of existing Equity Shares of the Company.

The ratio of 5:2 stock split means that each Equity Share having a face value of Rs. 5/- (Rupees Five only) each fully paid-up, be subdivided/split into such number of Equity Shares having a face value of Rs. 2/- (Rupees Two only) each fully paid-up.