Aashish Tater of fortunewizard.com told CNBC-TV18, "Britannia Industries is trading at a market cap to sales of 4 times. This has been a consistent play where market cap to sales of 4 times has been traded. Margin expansion has been an additional trigger for this particular stock. For next year also we expect 13 percent plus growth in terms of top-line and proximately 22-23 percent growth in terms of bottomline. Their premium segment is also doing very well, so we expect a target if Rs 2,550 over next one quarter. As there is an additional trigger, it is going to get into future & options (F&O) space which means there will be a lot of hedging and a slightly higher premium valuation that will be given because of the liquidity that will come into the system.""Britannia is one stock where we feel both based on results as well as from this technical points, the stock is ready for an upmove for a target of Rs 2,550 by next quarter," he added.
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