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Varun Beverages shares rose by 6% to an intra-day high of Rs 665.65 on BSE as the stock began trading on an ex-split basis. The record date for the 2:5 stock split was September 12, 2024. The company reported a profit after tax of Rs 1,261.83 crore for Q2 FY24, up by 26% YoY.
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On the options front, maximum Call open interest (OI) is at the 25,000 strike, followed by 25,500, while maximum Put OI is at 24,500, followed by 24,700. Call writing is observed at the 25,000 and 25,100 strikes, and Put writing at the 24,500 and 24,700 strikes.
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New chief executive tells staff that a strike would put the embattled firm's "recovery in jeopardy".
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News and Media
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