Time period given by analyst is Intra Day when Britannia Industries Ltd. price can reach defined target.
Britannia Industries Ltd., incorporated in the year 1918, is a Large Cap company (having a market cap of Rs 88432.39 Crore) operating in FMCG sector.
Britannia Industries Ltd. key Products/Revenue Segments include Food Products, Other Operating Revenue, Scrap, Royalty Income, Other Services for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 3463.93 Crore, up 8.45 % from last quarter Total Income of Rs 3193.94 Crore and down -1.43 % from last year same quarter Total Income of Rs 3514.35 Crore. Company reported net profit after tax of Rs 386.80 Crore in latest quarter.
Investment Rationale
Constantly finds resistance near the short-term moving averages resulting in bearish continuation
Promoter/FII Holdings
Promoters held 50.55 per cent stake in the company as of 30-Sep-2021, while FIIs owned 17.65 per cent, DIIs 11.52 per cent.
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