Britannia Industries shines on plan to sell 6 acres real estate land in Bangalore

05 Oct 2012 Evaluate

Britannia Industries is currently trading at Rs. 482.70, up by 5.45 points or 1.14% from its previous closing of Rs. 477.25 on the BSE.

The scrip opened at Rs. 492.00 and has touched a high and low of Rs. 495.00 and Rs. 479.90 respectively. So far 14107 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 599.90 on 03-Apr-2012 and a 52 week low of Rs. 434.00 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 495.00 and Rs. 471.00 respectively. The current market cap of the company is Rs. 5782.06 crore.

The promoters holding in the company stood at 50.96% while Institutions and Non-Institutions held 29.97% and 19.07% respectively.

Britannia Industries, top biscuits and dairy products maker has been reported to be close to finalizing a deal for selling 6 acres real estate land in Bangalore for approximately Rs 550 crore. The land, which houses Britannia’s corporate head-office and residential quarters, has been put for sale since December 2011.

Many developers are contenders for acquiring the land, which is on the Old Airport Road connecting the central business district to the technology hub of Whitefield, for commercial and retail development. Even Piramal Group and Bharti-Walmart are among the prominent players exploring this land parcel.

Britannia, one of the India’s biggest brands of the country, has a market share of over 33%. More-than-a-century old Britannia has launched big brands in FMCG Segment. The company is expanding its customer base by launching new products and renovating existing ones.

 

Britannia Inds Share Price

4915.85 3.15 (0.06%)
19-Nov-2024 11:48 View Price Chart
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