The stock failed to hold gains and slipped to a low of Rs 1,668, down 7.5% from the day's high. It finally ended down 3% at 1,690. The counter clocked a volume of 13,271 shares on the BSE today.
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(Updated at 1011 hrs)
Britannia Industries has gained 1.5% in spite of a 15% dip in FY09 net.
The stock opened up at Rs 1,800 and touched a high of Rs 1,806. However, it soon slipped to a low of Rs 1,730. It is now trading at Rs 1,770 with 3,943 shares traded on the BSE so far.
According to a release issued by the company to the BSE yesterday, the net profit decreased 15% to Rs 151.48 crore in the year ended March 2009 from Rs 177.43 crore in the last fiscal. The net sales, however, increased 23% to Rs 3,421.23 crore from Rs 2,776.25 crore.
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