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The Board of Directors of the company at their meeting held on April 2, 2021, declared interim dividend at 6200 percent i.e., Rs 62 per equity share of face value of Re 1 each for the Financial Year 2020-21, the company said.
Britannia Industries | The company has declared an interim dividend at 6,200 percent i.e., Rs 62 per equity share for the financial year 2020-21. The record date for determining the eligibility of shareholders for payment of interim dividend has been fixed as April 10. The stock closed 0.27 percent lower at Rs 3,618.40 on April 1
Britannia Industries | The organization has announced a break profit at 6,200 percent i.e., Rs 62 for every value share for the monetary year 2020-21. The record date for deciding the qualification of investors for installment of break profit has been fixed as April 10. The stock shut 0.27 percent lower at Rs 3,618.40 on April 1.
Britannia Industries share cost acquired over a percent toward the beginning of the day meeting on April 5 after the organization proclaimed a break profit at 6,200 percent for every value share for the monetary year 2020-21.
The FMCG major has announced an interval profit at 6,200 percent i.e., Rs 62 for every value share for the monetary year 2020-21. The record date for deciding the qualification of investors for installment of break profit has been fixed as April 10.
The stock trading at Rs 3,666.30, up Rs 47.90, or 1.32 percent at 09:33 hours. It has contacted an intraday high of Rs 3,666.65 and an intraday low of Rs 3,626.80.
"The Board of Directors of the Company have, at their gathering hung on April 2, 2021, announced Interim Dividend at 6200% i.e., Rs 62 for every value portion of assumed worth of Re 1 each for the Financial Year 2020-21," the organization said in a documenting to BSE.
"The record date for deciding the qualification of investors for installment of interval profit has been fixed as April 10, 2021. The interval profit is dependent upon allowance/retaining of appropriate charges and will be paid at the very latest April 30, 2021," the organization added.
Homegrown examination and broking firm Motilal Oswal has a purchase rating on the stock with focus of Rs 4,120 for every offer. The firm accepts that the administration's endeavors over the most recent couple of years to grow dissemination, help R&D capacities, effectively execute its low unit packs methodology, steady expense legitimization, interest in boosting generally and provincial assembling abilities and its new local technique is coming about in reliably broadening canals over peers in rolls just as in the more extensive food classification.
"Huge underlying freedom, surprising history, RoEs of more than 40% better than most shopper peers, and an appealing danger reward proportion on FY23E income, drives us to be positive on Britannia," it added.
Worldwide exploration firm Credit Suisse is of the view that there can be minor gains in Britannia Industries stock, as per a CNBC-TV18 report.