New Delhi, March 4 -- Varun Beverages share price have sharply bounced in the last two sessions gaining around 8%. Analysts believe that the bounce may extend towards Rs.500 with strong support now seen around Rs.445. Varun Beverages share price today opened at Rs.456.15 apiece on the BSE, the stock touched an intraday high of Rs.471.75 per share and an intraday low of Rs.448.60 apiece.

Riyank Arora, Technical Analyst, Mehta Equities Ltd highlighted that Varun Beverages share price has given a good breakout above its immediate resistance mark of 460 and managing to hold well above the same. With the volumes rising and charts of majority FMCG and consumption stocks being positive, we expect the stock to pick momentum towards 500 and above...