Britannia Industries - Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

Britannia Industries - CMP - Rs3,578

Britannia Industries (BIL) has brands like Tiger, Good-Day, 50:50 under its fold with an estimated market share of 33% in the Indian biscuits industry. Biscuits contribute more than 80% of the company's turnover. BIL continued to gain market share ahead of competition and has narrowed its gap with the No. 1 player in the category. BIL has gained market share in new categories like Wafers and Milk Shakes. BIL has an overall distribution reach of 5.5 million outlets coupled with Strong brand. Hence, we are positive on stock.

Shares of BRITANNIA INDUSTRIES LTD. was last trading in BSE at Rs.3624.45 as compared to the previous close of Rs. 3586.55. The total number of shares traded during the day was 10969 in over 1430 trades.

The stock hit an intraday high of Rs. 3654.1 and intraday low of 3563.2. The net turnover during the day was Rs. 39622023.

Source : Equity Bulls

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