Britannia Industries: Strong Support at Long-Term Trendline
Britannia Industries is currently at a significant support level, having touched a four-year long-term trendline. The stock has declined 24% from its all-time high, making it a potential buying opportunity for investors.
Fundamental Points for Britannia Industries (2024)
Market Capitalization: Approximately ₹1,19,229 crore.
P/E Ratio: Around 55.96, indicating a premium valuation.
Return on Equity (ROE): Approximately 54.28%, reflecting strong profitability.
Dividend Yield: About 1.48%, providing consistent income to investors.
Recent Performance: The stock has shown resilience with a recent increase of 3.06% on January 9, 2025.
Fundamental Points for Britannia Industries (2024)
Market Capitalization: Approximately ₹1,19,229 crore.
P/E Ratio: Around 55.96, indicating a premium valuation.
Return on Equity (ROE): Approximately 54.28%, reflecting strong profitability.
Dividend Yield: About 1.48%, providing consistent income to investors.
Recent Performance: The stock has shown resilience with a recent increase of 3.06% on January 9, 2025.
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