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Britannia Industries spurts after strong Q2 earnings

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Capital Market
Last Updated : Nov 12 2013 | 11:55 PM IST

Britannia Industries jumped 6.61% to Rs 934 at 9:22 IST on BSE after consolidated net profit jumped 65.7% to Rs 97.60 crore on 12.8% increase in revenue to Rs 1740 crore in Q2 September 2013 over Q2 September 2012.

The result was announced after market hours on Monday, 11 November 2013.

Meanwhile, the BSE Sensex was up 64.54 points, or 0.31%, to 20,555.50.

On BSE, 84,000 shares were traded in the counter compared with average volume of 30,488 shares in the past one quarter.

The stock hit a high of Rs 949 and a low of Rs 927 so far during the day. The stock hit a record high of Rs 972.50 on 24 October 2013. The stock hit a 52-week low of Rs 459 on 12 November 2012.

The stock had outperformed the market over the past one month till 11 November 2013, rising 2.84% compared with the Sensex's 0.18% fall. The scrip had also outperformed the market in past one quarter, rising 26.18% as against Sensex's 9.06% rise.

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The large-cap company has an equity capital of Rs 23.97 crore. Face value per share is Rs 2.

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

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First Published: Nov 12 2013 | 9:24 AM IST

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