Brokerages raise price targets on Britannia post Q1 result - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Brokerages raise price targets on Britannia post Q1 result

Brokerage firm Emkay Global Financial Services upped the price target on Britannia Industries to Rs 4,500 (Rs 3,960 earlier). “Britannia remains our high conviction Buy. We increase FY21-23 estimates again by 11-17 per cent. Valuations at 43 times FY22 EPS are still attractive given further upsides in earnings.”

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