Varun Beverages shares slip over 5% as GST on aerated beverages may be hiked to 35%

Varun Beverages shares slip over 5% as GST on aerated beverages may be hiked to 35%

ByKaushiki

Reports that the government may raise the Goods and Services Tax (GST) on cigarettes, tobacco, and aerated drinks caused shares of cigarette company ITC and aerated drink business Varun Beverages to drop up to 5% on the BSE during Tuesday’s intraday trading in an otherwise bullish market. In intraday trading, Varun Beverages’ shares fell 5%…

Varun Beverages shares zoom 5% after co launches QIP

Varun Beverages shares zoom 5% after co launches QIP

ByKaushiki

The shares of Varun Beverages increased 5% during Thursday’s trading session, reaching an intraday high of Rs 595.65 on the BSE. The company’s introduction of qualified institutional placement (QIP) is the reason for the buying interest in the stock. Varun Beverages’ stock was up 1.33 per cent at Rs 575.35 a share on the BSE…