Britannia Industries corrects on profit booking

Britannia Industries fell 2.10% to Rs 3,326 at 14:04 IST on BSE on profit booking after the stock rose 8.12% in the preceding five trading sessions to Rs 3,397.20 on 13 August 2015, from a recent low of Rs 3,142.10 on 6 August 2015.

Meanwhile, the BSE Sensex was up 538.66 points, or 1.96%, to 28,088.19.

On BSE, so far 27,000 shares were traded in the counter, compared with an average volume of 29,823 shares in the past one quarter.

The stock hit a high of Rs 3,365 and a low of Rs 3,271.05 so far during the day. The stock hit a record high of Rs 3,435 on 13 August 2015. The stock hit a 52-week low of Rs 1,136.05 on 14 August 2014.

The stock had outperformed the market over the past one month till 13 August 2015, rising 19.35% compared with 1.47% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 48.63% as against Sensex's 1.10% rise.

The large-cap company has an equity capital of Rs 24 crore. Face value per share is Rs 2.

On a consolidated basis, Britannia Industries' net profit jumped 66.9% to Rs 190 crore on 13% growth in revenue to Rs 2003 crore in Q1 June 2015 over Q1 June 2014.

Britannia Industries makes biscuits, bread, rusk, cakes and dairy products like cheese, butter and milk.

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