Varun Beverages share price today: Global brokerage HSBC has reaffirmed its buy rating on Varun Beverages Ltd (VBL), citing the company’s strong distribution network, production capacity, and strategic positioning in the beverage industry. The positive outlook comes amid strategic changes in the sector, as PepsiCo considers adjustments to its franchise model under increasing pressure from activist investors.

Varun Beverages share price target

HSBC has set a target price of Rs 640 per share, implying a potential upside of nearly 44 per cent from the current market price of Rs 439. The brokerage sees the stock as a long-term investment opportunity, driven by strong fundamentals, strategic partnerships, and market expansion.

HSBC highlights strategic advantage

According to HSBC, Varun Be

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