SP Tulsian of sptulsian.com told CNBC-TV18, “Britannia Industries's numbers were excellent. That is the reason I gave this recommendation in the morning. Maybe Rs 680 looks to be a strong resistance.”
He further added, “Generally in case of Britannia you do not have the certainty and confidence that they will be able to continue with these kind of results, the EPS of Rs 21.70 for FY13 and PAT of Rs 88 crore for Q4 against Rs 55 crore, what they have posted for the similar quarter in the previous year cannot really be taken for the entire four quarters of FY14. Britannia has been a very thinly traded stock. This stock has come in focus only in these last 15 days where we have seen a good volume. I will not be advising any one to enter now into the stock and those who have been holding it can look to exit at Rs 680 and again look to buy at a level of Rs 640-645."
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