Varun Beverages shares shed multibagger tag; time to buy, sell or hold?

Shares of Varun Beverages have lost fizz, largely shedding their multibagger tag in the long term. The FMCG stock, clocked gains of 316% in two years and rose 603.38% in three years, according to data in the middle of May last year. The stock is just up 17% in two years and risen 90% in three years, show market data today. An exception to the trend is investors should have entered the Varun Beverages counter five years ago to fetch returns of 638.63. Advertisement

The PepsiCo bottler with diminished returns in the long term has turned negative in the short term. In fact, the stock has been falling across time durations up to a year.

The stock is down 33.36% this year and fallen 20% in a year, reflecting short-term correction in the stock.

In the current session, Varun Beverages became