Britannia Industries may rise by 15-20%: Dilip Bhat

Dilip Bhat of Prabhudas Lilladher told CNBC-TV18, "Britannia Industries has been consistently been recommended by us right from the time when it was Rs 700. We still feel that looking at the overall raw material cost scenario for them there is still scope for margin expansion even from the current levels. True that the stock has gone up three times from the levels at which we were recommending but we still feel that the margin expansion, return on equity (RoE) expansion and earnings per share (EPS) expansion, all three will happen."

"I think the kind of free cash that they are generating will still continue. It still looks good for another about 15-20 percent run from the current level as far as Britannia goes," he said.

"We like Voltas. We feel that that is a stock which one should hold on, accumulate gradually and there is still good enough money to be made on that."