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HomeMONEYThis Hidden Share Will Touch ₹10000; Don't Sell; This Stock Will Double

This Hidden Share Will Touch ₹10000; Don’t Sell; This Stock Will Double

Finance Minister Nirmala Sitharaman will present the first budget for Modi 3.0 on the 23rd day of July. The market also has expectations from the budget. 

Before Budget time, it is possible to find a lot of such stocks that have a good chance of investing. A lot of stock is on sale at an affordable price.

A renowned expert has brought ‘Cheap Shares within the Budget’. He has advised purchasing Britannia Industries Ltd (NSE: BRITANNIA) before the budget.

This stock can touch the level of up to Rs 9200 by the next budget. He says that keep this stock in the portfolio for 12-18 months.

Britannia: What Are The Targets For Buying?

The expert has selected Britannia Industries Ltd as a stock that is cheap within your budget. A target of 12 to 18 months is required in this stock. 

The target for 12 months is 6750. The target for 18 months is 7950, then 9200. This stock may also reach 10,000. It has the power to double the current price in the next 2 years.

Why Did Expert Like It?

The expert says the company has a strong growth track record. The brand value is better. The market share is good. There are many new triggers for this stock. 

First, the prices of raw materials are falling. For example, the prices of palm oil, sugar, and flour have fallen by 3-7 percent. 

Margins will improve due to this fall. Second, new products in the premium and gifting segment will bring growth. 

Margins are tremendous in this. The company will get growth from this segment.

Market expert says the third trigger is a good monsoon. Consumption will increase due to the rural focus of the government. 

Therefore, you can buy Britannia Industries Ltd as a low-risk stock. Do SIP on every 7 percent fall in this stock. Also, keep it in the portfolio with a 2-year perspective.

Britannia Industries Ltd Stock Performance

Current Price₹ 5,646
52-wk High₹ 5,726
52-wk Low₹ 4,348
5 Days Return3.54%
1 Month Return3.24%

Key Fundamentals Parameters

Market Cap₹ 1,35,985 Cr.
Stock P/E63.6
Book Value₹ 164
Dividend1.31 %
ROCE48.9 %
ROE57.2 %
Face Value₹ 1.00
P/B Value34.5
OPM18.9 %
EPS₹ 88.8
Debt₹ 2,065 Cr.
Debt to Equity0.52

Britannia Industries Ltd Shareholding Pattern

Promoters Holding
Mar 202350.55%
June 202350.55%
Sept 202350.55%
Dec 202350.55%
Mar 202450.55%
FII Holding
Mar 202319.44%
Jun 202321.29%
Sep 202319.66%
Dec 202318.99%
Mar 202418.23%
DII Holding
Mar 202314.22%
Jun 202312.46%
Sep 202313.84%
Dec 202314.84%
Mar 202415.63%
Hot Stocks Alert Join
Public Holding
Mar 202315.79%
Jun 202315.69%
Sep 202315.94%
Dec 202315.62%
Mar 202415.57%

Britannia Industries Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 11,600 Cr
2021₹ 13,136 Cr
2022₹ 14,136 Cr
2023₹ 16,301 Cr
2024₹ 16,769 Cr

Last 5 Years’ Net Profit:

2020₹ 1,394 Cr
2021₹ 1,851 Cr
2022₹ 1,516 Cr
2023₹ 2,316 Cr
2024₹ 2,134 Cr

Conclusion

This article provides a detail guide about Britannia Industries Ltd share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

If you’re new to our site and want to be updated on the latest market information, you can join us on the Telegram Group(Link below).

If you have additional questions, feel free to leave a comment below. We’ll be more than happy to address all of your questions.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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