Profit

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

NSE
3135.75
Change Change %
-7.45 -0.24%

Updated:14 Dec, 2018, 15:53 PM IST

BSE
3136.60
Change Change %
-10.60 -0.34%

Updated:14 Dec, 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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