Profit

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

NSE
2858.35
Change Change %
-66.25 -2.27%

Updated:15 Feb, 2019, 15:59 PM IST

BSE
2860.85
Change Change %
-60.70 -2.08%

Updated:15 Feb, 2019, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Citi
N/A
12-07-2016 Buy 2870.00 3300.00
N/A
Target Hit Long (1Y)
12-07-2017

Citi initiates coverage on Britannia with a buy

Citi has initiated coverage on Britannia Industries with a 'buy' for target of Rs 3,300/share. It says Britannia is India's leading biscuits, bakery goods player and sees strong brands & improved execution. Citi expects 900 basis points EBITDA margin expansion in Britannia and outlook for Britannia remains strong. Negative working capital will lead to strong return ratios, Citi concludes.

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