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Britannia on upward spiral over better sales, price hike

DALAL STREET SPIKES

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Our Markets Bureau Mumbai
Last Updated : Feb 06 2013 | 7:14 AM IST
Britannia Industries was up 7.42 per cent to Rs 1,301 compared with its previous close of Rs 1,211.10. Nearly 2.38 lakh shares changed hands in the counter on BSE.
 
The scrip has been on an upward spiral since the last few months due to strong volume growth in biscuit sale and a price hike. The company has also increased the price of its best-selling brands to improve margin.
 
The stock spurted today as block deals for about 2.75 lakh shares took place on BSE and NSE at a price of Rs 1,280. Britannia's net profit rose 7.2 per cent for the quarter ended June.

 

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First Published: Sep 30 2005 | 12:00 AM IST

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