Profit

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

NSE
5944.00
Change Change %
125.85 2.16%

Updated:16 Nov, 2018, 14:24 PM IST

BSE
5908.50
Change Change %
93.80 1.61%

Updated:16 Nov, 2018, 14:52 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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