Varun Beverages Stock Falls Amid Mixed Q3 Results; Analysts See Upside

Varun Beverages' stock price has gone down recently, losing more than 4% in just two days.

This happened even though a financial company called JM Financial still thinks it's a good stock to buy.

They gave it a new price target that suggests the stock could go up by about 20%.

The reason the stock dropped a bit is because the company's sales in its third quarter weren't quite as high as expected, especially in other countries.

However, sales in India were okay, and the company is also adding new products like alcoholic drinks and frozen foods.

They've also made a deal to sell beer in parts of Africa.

The company's leaders are hopeful about future sales, especially in India, and expect international sales to grow again.