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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

  • National Grid (NGG) Upgraded to Buy on Rising Earnings Estimates
    June 12, 2026, 1:51 PM EDT. National Grid (NGG) received a Zacks Rank #2 (Buy) upgrade, reflecting an upward trend in earnings per share (EPS) estimates for fiscal 2027. The Zacks rating system, based on changes in earnings projections from analysts, highlights improved future earnings potential, a key driver of near-term stock price movements. Institutional investors often respond to such revisions by adjusting valuations and share transactions, influencing stock prices. This rating upgrade signals confidence in National Grid's business fundamentals, suggesting potential stock appreciation as investors react to positive earnings outlooks. The Zacks Rank has a proven track record in identifying stocks with strong return potential driven by earnings estimate revisions.

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