Stay invested in Britannia for one year: Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "Britannia Industries has posted excellent Q4 numbers with profit after tax (PAT) of Rs 88 crore as against Rs 55 crore for the similar quarter in previous year. If you take their FY13 earning per share (EPS) it is Rs 21.70 on consolidated basis. I won't be taking these numbers as you can extrapolate that for the subsequent year, but FY14 should have an EPS of close to about Rs 26-27."

"The kind of re-rating or the appetite which we have been seeing for FMCG stocks and one who is a very quality and patient investor can remain invested with a view of about one year. The near term target which I have been giving for the stock is Rs 680. The kind of exuberance which we are seeing today is likely to subside and one may see a price of Rs 640-645 in next one week to 10 days,' Tulsian further added. He also said, "So, in that situation, one should not feel that he should have exited at higher level and could have entered now at lower level. If one wants to adopt that strategy, look to exit at Rs 680. But if one has a long-term view, he should remain invested and review when the share touches to Rs 750 or maybe till the Q1 numbers gets announced by the company."