Todays trading session witnessed significant drops in stocks like Tech Mahindra, Asian Paints, Divis Lab, HDFC Life, and Britannia.

Indian Stock Market Sees Decline At Closing Amid Pessimism

Top Nifty losers included Reliance Industries, Grasim Industries, ONGC, Power Grid Corp and JSW Steel, while gainers were BPCL, Asian Paints, IndusInd Bank, Infosys and Britannia Industries

Taking Stock: Market squanders opening gains to end near day’s low; IT shines

Top gainers on the Nifty were Bajaj Finance, Adani Ports, Power Grid Corp, Adani Enterprises and Hindalco Industries, while losers included Reliance Industries, M&M, Britannia Industries, SBI Life Insurance and BPCL

Taking Stock: Nifty around 19,400; Sensex up 267 points; power, realty and metals shine

The company has consistently been in the top quartile among fmcg peers on all key parameters.

Britannia Industries - Payoff On Massive Investments Could Be Immense In The Medium Term: Nirmal Bang

ET first reported on May 12 that Deutsche Bank provided the Mauritius-based Wadia Group company $300 million in 2021 and 2022 by creating charge on the bank account of Britannia Industries parent in London. During the same period, the company created $190 million fixed deposits that were used as sec…

Deutsche Bank’s Go Airlines loans settled out of court

A short build-up was seen in 66 stocks, including Apollo Tyres, Max Financial Services, Britannia Industries, Info Edge India, and Laurus Labs. An increase in OI along with a fall in price points to a build-up of short positions.

Trade setup for Monday: Top 15 things to know before the opening bell

Axis Securities is bullish on Britannia Industries has recommended buy rating on the stock with a target price of Rs 5110 in its research report dated August 08 2023.

Buy Britannia Industries; target of Rs 5110: Axis Securities

Prabhudas Lilladher recommended hold rating on Britannia Industries with a target price of Rs 4500 in its research report dated August 07, 2023.

Hold Britannia Industries; target of Rs 4500: Prabhudas Lilladher

Sharekhan is bullish on Britannia Industries has recommended buy rating on the stock with a target price of Rs 5415 in its research report dated August 07, 2023.

Buy Britannia Industries; target of Rs 5415: Sharekhan

Motilal Oswal recommended Neutral rating on Britannia Industries with a target price of Rs 4600 in its research report dated August 07, 2023.

Neutral Britannia Industries; target of Rs 4600: Motilal Oswal

Smaller local players in India, such as Parle, Britannia and Hindustan Unilever, have entered the biscuit, tea, detergent, oil and snacking sectors, nibbling away at larger companies’ market shares as the price of raw materials has lowered. During deflationary times, regional rivals give more value …

FMCG companies fight for market share with ‘agile’ small peers

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Britannia Industries Limited is a food company, which is engaged in the manufacture of biscuits, cakes and rusks. The Company operates through the Foods segment, which comprises bakery and dairy products.