Small BusinessBritannia slips on fall in net
Britannia ended at Rs 1578, lower by Rs 22 or 1.4%, on the BSE.
- Markets shrug off CRR hike, end in green - Bonus issue fails to boost IVRCL Infra - Markets end firm - Sensex rebounds into positive - Markets recover partially - Markets slip, but recover soon post CRR hike
The stock had opened at Rs 1566, and touched a high of Rs 1578 and a low of Rs 1525 during the day.
The counter saw trades of 1871 shares as against the two-week average of 1608 shares.
--------------------------------------------------------------------------------------------(Updated at 1003am)
Britannia has slipped on the back of 37% drop in net profit for Q3FY10.
The stock opened at Rs 1,566 and is now trading at Rs 1,575, down 1.5% from its previous close. The counter has clocked volumes of 296 shares on the BSE.
The company declared a 36.95% decline in net profit to Rs 20.10 crore for the third quarter ended December 31, 2009 as compared to Rs 46.15 crore for the same quarter last year.
Net sales increased to Rs 881.39 crore for the quarter under review from Rs 818.28 crore for the same period previous fiscal.