Block Deal Puffs Up Britannia

Britannia Industries, an MNC food processing major, witnessed hectic activity on the Bombay Stock Exchange (BSE) on Wednesday, following a huge block deal of 44,000 shares at Rs 550 during early trades.

The scrip closed 2.77 per cent higher at Rs 548.55, off the intra-day high of Rs 550.05. More than 63,500 shares of the company changed hands on the BSE. Market sources are clueless about the entities involved in Wednesday