KR Choksey recommended hold rating on Britannia Industries with a target price of Rs 3291 in its research report dated February 14, 2017.
KR Choksey's research report on Britannia Industries
With positive move on the plans we assume the revenue growth to be around 10-12% for FY18E-FY19E and margins to be Stable at around 13-14%. At CMP of INR 3220, we recommend “HOLD” rating on the stock with a target of INR 3291 with a potential upside of 2.2%.
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