Buy Call on Britannia Industries Limited – Target Price Rs. 3750 / –
Motilal Oswal’s Chandan Taparia has given a buy call to Britannia Industries with a target price of Rs. 3750 / -.
Currently, the market price of this stock is Rs. 3582.5 / -. The period to reach the expected price is given intra day. The company was established in 1918 and is a large cap company. FMCG is operating in the sector with a market capitalization of Rs. 86335.63 / – crore.
The important products of the company include food products, operating revenue, scrap, royalty income.
At the end of March 2022, the company had a total revenue of Rs. 3604.28 / – crore and the total income for the quarter ended December was Rs. 3630.11 crore. In the same quarter last year, the company earned Rs. The total income was Rs. 3193.94 crore.
Net profit for the quarter ended March stood at Rs. 377.87 crore. The promoter holding in this company was 50.55%, FII 17.17%, DII 7.92%.
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