Varun Beverages, PepsiCo's India franchise bottler, shares rose by 4% intraday to hit a record high of ₹1,474/piece on Wednesday after over ₹60 crore worth of shares changed hands in a block trade. The stock has surged over 8% in four days. About 4.31 lakh shares, equivalent to 0.1% of paid-up equity worth ₹62.88 crore, have changed hands, CNBC-TV18 reported.