MORE FIZZ IN VARUN BEVERAGES

Shares of Varun Beverages are up 10% in one month, and could rally more. analysts say, the impact of recent increase in gs ton some beverages is limited. Those at Emkay Global have raised their target price from ~915 to ~1,120. The brokerage has raised the PE multiple valuation on improved long-term growth outlook — now about mid-teen revenue/eps ca grversu slow-teen growth previously