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    BRITANNIA   INE216A01030

BRITANNIA INDUSTRIES LIMITED

(BRITANNIA)
  Report
End-of-day quote NSE India Stock Exchange  -  2022-09-25
3787.50 INR   -0.24%
01:29aINDIA STOCKS-Indian shares inch up as consumer stocks gain
RE
09/25Britannia Industries Names New Vice President, CEO
MT
09/25Indian shares seen opening lower on global growth fears
RE
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Indian shares rise as IT stocks advance; RBI in focus

08/04/2022 | 01:14am EDT

BENGALURU, Aug 4 (Reuters) - Indian shares were trading higher on Thursday, supported by gains in other Asian equities and strength in domestic IT stocks, while investors kept an eye out for a central bank policy decision later this week.

The NSE Nifty 50 index was up 0.3% at 17,441, as of 0447 GMT, and the S&P BSE Sensex rose 0.31% to 58,529.98, climbing for a seventh straight session.

"The sentiment overall looks good, foreign investors continue to be buyers and global cues remain on the positive side so that has helped us," said Anita Gandhi, director at Arihant Capital Markets.

Foreign investors purchased a net $1.07 billion worth of Indian equities in the first three trading sessions this month, according to Refinitiv data.

Market participants are awaiting the outcome of the Reserve Bank of India's (RBI) monetary policy meeting on Friday. The RBI has raised rates twice since May and is expected to hike rates again to tame persistently high inflation in Asia's third-largest economy.

The views on the quantum of increase, however, were split widely between 25 basis points and 50 basis points, a Reuters poll of economists showed.

India's retail inflation remained painfully above the 7% mark and beyond the central bank's tolerance band for the sixth month in a row in June, but has shown some signs of easing in recent months.

The Nifty's IT index, the best performer among other sub-indexes, rose more than 1% tracking the tech-heavy Nasdaq which climbed over 2% overnight.

IT services provider Infosys Ltd jumped as much as 2.4% to hit a more than three-month high and provided the biggest boost to the benchmark Nifty 50.

Biscuit maker Britannia Industries Ltd was down as much as 1.2%, ahead of its quarterly earnings results due later in the day.

Equities climbed in broader Asia, following a strong rally on Wall Street after data showed the services industry unexpectedly picked up in July. (Reporting by Rama Venkat in Bengaluru; Additional reporting by Gaurav Dogra; Editing by Subhranshu Sahu and Shounak Dasgupta)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRITANNIA INDUSTRIES LIMITED -0.24% 3787.5 End-of-day quote.5.03%
INFOSYS LIMITED 0.76% 1391 Delayed Quote.-26.88%
NIFTY 50 0.41% 17088 Delayed Quote.-0.15%
SENSEX BSE30 -1.64% 57145.22 Real-time Quote.-1.90%
All news about BRITANNIA INDUSTRIES LIMITED
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More news
Analyst Recommendations on BRITANNIA INDUSTRIES LIMITED
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Financials
Sales 2023 157 B 1 923 M 1 923 M
Net income 2023 16 936 M 208 M 208 M
Net Debt 2023 6 861 M 84,1 M 84,1 M
P/E ratio 2023 53,8x
Yield 2023 1,39%
Capitalization 912 B 11 184 M 11 184 M
EV / Sales 2023 5,86x
EV / Sales 2024 5,28x
Nbr of Employees 4 467
Free-Float 49,5%
Chart BRITANNIA INDUSTRIES LIMITED
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Britannia Industries Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends BRITANNIA INDUSTRIES LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 35
Last Close Price 3 787,50 INR
Average target price 3 900,74 INR
Spread / Average Target 2,99%
EPS Revisions
Managers and Directors
Varun Berry Managing Director & Executive Director
N. Venkataraman Chief Financial Officer & Executive Director
Nusli Neville Wadia Chairman
Harish Navrathna General Manager-Corporate Information Technology
T. V. Thulsidass Secretary & Chief Compliance Officer