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NSE:VARUNBEVG 29 October 2025

Pepsi Bottler Goes Boozy: Varun Beverages Surges on Carlsberg Beer Deal & Q3 Profit Jump

Pepsi Bottler Goes Boozy: Varun Beverages Surges on Carlsberg Beer Deal & Q3 Profit Jump

Varun Beverages’ board approved entry into alcoholic drinks, including a distribution deal with Carlsberg to test-market beer in Africa. The company will set up a subsidiary in Kenya and announced a joint venture for refrigeration equipment in India. Q3 net profit rose 19% to ₹741 crore despite flat domestic sales. Shares surged up to 10% on October 29, rebounding after recent declines.
29 October 2025
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Stock Market Today

  • Saul Centers' Series D Preferred Stock Yield Surpasses 7.5% Amid Price Drop
    March 20, 2026, 3:27 PM EDT. Shares of Saul Centers Inc's 6.125% Series D Cumulative Redeemable Preferred Stock (BFS.PRD) traded at yields above 7.5% on Friday, reaching a low price of $20.41. This yield contrasts with an 8.16% average in the "Real Estate" preferred stock sector, according to Preferred Stock Channel. BFS.PRD was trading at a 17.36% discount to its liquidation preference, deeper than the sector's 15.38% average discount. On the day, BFS.PRD and common shares (BFS) declined by about 0.8% and 1.2%, respectively. The higher yield reflects market price softness relative to its fixed dividend and suggests investor caution amid sector dynamics.
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