HSBC starts coverage of Britannia with overweight

HSBC initiates coverage of Britannia Industries Ltd with an "overweight" rating and a price

RELATED ARTICLES

target of 1,100 rupees, citing the company's strength in the fast-growing mid-to-premium segment in biscuits/bakery.

HSBC also extols Britannia's "sharp focus on tackling costs and gaining market share is likely to keep the earnings growth momentum strong" in a report dated Monday.

Without including HSBC's rating, Britannia has racked up 14 "buys" or "strong buys" recommendations, with 3 "holds" and 1 "strong sell", according to Thomson Reuters data.

Britannia's shares surged 85 percent last year, outperforming a 6.8 percent gain in the broader Nifty.

The stock trading higher 0.8 percent at 11.14 a.m.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Tighter disclosure norms will help public shareholders

    The Securities and Exchange Board of India (Sebi) has proposed changes in listing agreements between companies and stock exchanges, laying down manage

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Why UGC must focus on quality

In a vast country like India, where there are pressures ...

Rajgopal Nidamboor

The sum total of our conscious experience

All of us epitomise a multiplicity of conscious thoughts. This ...

Gautam Gupta

Don’t let success kill the essence of the concept

In 1999 when my mother started her own label, we ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture