The rate rejig, analysts say, will alter the tax burden on companies, which they expect to get passed on to the consumers
Shares of ITC were trading nearly 1 per cent lower on the BSE ahead of its December quarter results due to be announced later today
PNB plans to raise Rs 3,200 crore from share sale during the current quarter to enhance its capital base
The company's revenue from operations rose 6.1 per cent year-on-year to Rs 3,165 crore
Short term trend of the stock has turned positive where the stock price is trading above all important short-term moving averages
Britannia has been among the top-performing FMCG counter for the last several years
Going into the year 2021, however, experts say returns may moderate in the new year. However, select stocks still offer a good upside over the next one year, charts show
The success of Burger King at the bourses has off-late reinforced belief in the sector, especially quick service restaurants (QSRs), provided the stocks are attractively valued
India is likely to issue an emergency use authorisation to at least one Covid vaccine by the end of January and health workers will be the first to be inoculated. More headlines in our evening roundup
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Total revenue from operations climbed 12.15 per cent to Rs 3,419.11 crore during the quarter under review.
Total expenses were at Rs 2,822.02 crore, up 7.80 per cent from Rs 2,617.64 crore earlier
All that happened in the markets today
Analysts at Edelweiss Securities estimate Britannia's revenue, EBITDA and net profit to jump 15 per cent, 31.8 per and 23.8 per cent year-on-year (YoY), respectively.
All that happened in the markets today
Britannia on Monday said its board has approved issuing bonus debentures and payment of dividend to reward its shareholders in such difficult and unprecedented times due to coronavirus pandemic
While reports of slower sales growth in August pulled down share prices on Monday, analysts say medium term outlook remains healthy
Britannia Industries has paid over Rs 46 lakh to Sebi to settle a case of alleged failure to carry out due diligence before giving effect to transmission of shares and issuance of demand draft
Britannia's stock has shown signs of bottoming out
After a sharp dip in March 2020, Britannia Industries has recovered almost vertically and made a new record high at Rs 4,010 in July 2020