BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains hold on Britannia Industries
Religare has maintained its 'hold' call on Britannia Industries for target price of Rs 2,950. It says Britannia's Q3 results were ahead of estimates with a steady base business volume performance despite demonetisation. Religare retains its estimates wherein it bakes in higher input costs year on year and range-bound EBITDA margins over FY17-FY19 (aided by pricing action and cost-saving initiatives).