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27 Oct 2016 | 10:23 PM
Research Report

Equity Research Report: Master Pick-Britannia Industries Ltd

Britannia is focusing on premium biscuits and gearing up to get a strong foothold in the super-premium biscuits space where competition is minimal. Overall demand for premium products is growing faster compared to plain biscuit.
22 Apr 2016 | 06:00 PM

In its last upswing, Britannia scaled vertically from 800 odd levels and formed a record high of 3434.20 in August, 2015. It started trading with sideways thereafter to                    accommodate that rise and  retraced marginally as well; providing fresh  opportunity to enter. After six months of consolidation, it now looks upbeat to resume the uptrend. We advise participants to maximum on this opportunity and accumulate it in the given range of 2780-2825 with close below stop loss of 2630 for the target of 3200.


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