With festival season round-the-corner, companies are hoping for a pick-up in the overall consumption, which along with the cut in corporation tax, would aid earnings growth over the next few quarters
Here are the technical recommendations by Vinay Rajani, Technical & Derivatives Analyst, HDFC Securities.
Views on derivative call by Nandish Shah, Senior Technical & Derivative Analyst, HDFC securities.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Intra-day, Britannia's stock price rose as much as 7.5 per cent, closing trade at Rs 2,678.8 a share
The FMCG major said slowdown had been witnessed in the last five to six months and the period till January would 'not be easy'
The company has 25-30 milk centres in Maharashtra that collect up to 25,000 litres of milk daily
Inflationary pressure and competitive intensity could impact the profitability of biscuitmaker
Britannia to opt for four per cent price hike in a select portfolio and pack sizes to mitigate rising input costs
During the quarter, the company also posted an exceptional expense of Rs 15.61 cr on account of voluntary retirement cost incurred in one of its subsidiaries
Britannia termed the speculations as 'false' as well as 'incorrect and baseless'
Britannia Industries violated listing regulations by not reporting the arrest of its promoter and director, says proxy advisory and corporate governance firm.
Company disclosed on Thursday it had lent Rs 675 crore to associate firms
Shares of Britannia rose 1.7 per cent on Wednesday, even as the benchmark indices slipped more than a per cent
Britannia has authorised share capital of Rs 500 million of 250 million shares
There is going to be inflation so far as wheat is concerned and we will probably be going for a 3-4% price increase starting Q4 across categories on an average
Firm to launch 50 products with a refreshed logo and split stock
This is the third Britannia plant to be set up in Assam to serve the growing biscuit market in the northeast
Since May 14, the stock gained 13% after the company reported a healthy 25% year on year jumped in its consolidated net profit and 13% growth in revenue in March quarter.
Britannia is engaging with small, local start-ups to push penetration of key brands in the villages