Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
6066.40
Change Change %
44.65 0.74%

Updated:18 Sep, 2018, 15:57 PM IST

BSE
6060.80
Change Change %
32.35 0.54%

Updated:18 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Religare
N/A
24-05-2016 Hold 2682.50 2850.00
N/A
Target Hit Long (1Y)
24-05-2017

Religare maintains hold on Britannia Industries

Britannia's Q4 earnings were below estimates. Higher raw material prices would necessitate pricing action in FY17. We continue to like Britannia's volume-led premiumisation story, but current valuation at 29 times FY18 estimated earnings per share deter us from being constructive on the stock.

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