Britannia Industries gains on the BSE

23 Aug 2019

Britannia Industries is currently trading at Rs. 2460.00, up by 15.35 points or 0.63% from its previous closing of Rs. 2443.55 on the BSE.

The scrip opened at Rs. 2439.00 and has touched a high and low of Rs. 2466.60 and Rs. 2406.90 respectively. So far 5644 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3472.05 on 23-Aug-2018 and a 52 week low of Rs. 2302.00 on 21-Aug-2019.

Last one week high and low of the scrip stood at Rs. 2520.00 and Rs. 2302.00 respectively. The current market cap of the company is Rs. 59138.73 crore.

The promoters holding in the company stood at 50.66%, while Institutions and Non-Institutions held 28.81% and 20.53% respectively.

Britannia Industries is planning to increase prices of its products marginally in the third quarter of the current fiscal (Q3FY20) to tackle the slowdown which has taken a toll on the growth of its sales in value terms. The growth in sales of the company had halved in terms of value as a result of slowdown. Besides, marginal price increase, the company would also go for cost optimization.

Britannia Industries, one of the India’s biggest brands of the country. More-than-a-century old Britannia has launched big brands in FMCG Segment. The company is expanding its customer base by launching new products and renovating existing ones.

Related Britannia Industries Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323