Varun Beverages Limited (VBL) stock has an upside potential of over 11% in the short term, with positive technical indicators. The stock is a candidate for long-term investment, offering a potential upside of 21% over the next 12 months, supported by robust fundamentals. VBL is a key player in the beverage industry, and its growth has improved with the addition of new territories in the domestic market and expansion in international markets, says Sharekhan. However, any change in carbonated beverage products policy or incremental tax on the beverage products will act as a key risk to earnings estimates, Sharekhan cautioned.
