Britannia Industries recovers after Friday's slide

Britannia Industries rose 3.44% to Rs 957 at 10:21 IST on BSE, with the stock recovering on bargain hunting after Friday's 5.4% slide.

Meanwhile, the S&P BSE Sensex was down 98.53 points or 0.39% at 25,129.64.

On BSE, so far 8,664 shares were traded in the counter as against average daily volume of 14,305 shares in the past one quarter.

The stock hit a high of Rs 957.30 and a low of Rs 926.55 so far during the day. The stock hit a record high of Rs 998 on 12 June 2014. The stock hit a 52-week low of Rs 644.90 on 25 June 2013.

The stock had outperformed the market over the past one month till 13 June 2014, surging 5.95% compared with the Sensex's 5.68% rise. The scrip had, however, underperformed the market in past one quarter, jumping 7.21% as against Sensex's 15.86% rise.

The large-cap company has equity capital of Rs 23.99 crore. Face value per share is Rs 2.

Shares of Britannia Industries had declined 5.4% to settle at Rs 925.15 on Friday, 13 June 2014.

On consolidated basis, Britannia Industries' net profit rose 16.9% to Rs 107.66 crore on 8.6% growth in net sales to Rs 1777.28 crore in Q4 March 2014 over Q4 March 2013.

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

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