26 Oct 2024

Britannia Industries Sees Stock Gains, Invests in Renewable Energy

Britannia Industries’ stock climbed to Rs. 5664.60, reflecting an increase of 50.25 points or 0.90% from its previous close at Rs. 5614.35 on the BSE. The stock opened at Rs. 5599.05 and reached a high of Rs. 5706.25, with approximately 4,094 shares traded.

This BSE 'A' category stock, with a face value of Rs. 1, hit a 52-week high of Rs. 6473.10 on October 3, 2024, and a low of Rs. 4349.95 on November 1, 2023. Over the last week, it fluctuated between Rs. 5905.40 and Rs. 5599.05. The current market capitalization stands at Rs. 1,36,192.96 crore, with promoters holding 50.55% of shares, while institutional and non-institutional investors hold 34.14% and 15.31%, respectively.

In a recent development, Britannia invested Rs. 87,50,000 to acquire an 8,75,000 equity share stake, amounting to 6.04%, in Suryaurja One. This strategic investment supports Britannia's shift to renewable energy for its Bidadi, Karnataka factory, in line with regulatory mandates for captive energy users under electricity laws.

Renowned for its popular food brands like Good Day, Tiger, NutriChoice, Milk Bikis, and Marie Gold, Britannia continues to strengthen its position as one of India's most trusted names in the food industry.