Britannia Industries trades higher on the bourses

09 Dec 2011 Evaluate

Britannia Industries is currently trading at Rs. 466.50, up by 5.70 points or 1.24% from its previous closing of Rs. 460.80 on the BSE.

The scrip opened at Rs. 465.00 and has touched a high and low of Rs. 469.50 and Rs. 465.00 respectively. So far 7,538 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 498.00 on 01-Jul-2011 and a 52 week low of Rs. 324.00 on 10-May-2011.

Last one week high and low of the scrip stood at Rs. 476.00 and Rs. 459.00 respectively. The current market cap of the company is Rs. 5,572.00 crore.

The promoters holding in the company stood at 50.96% while Institutions and Non-Institutions held 28.06% and 20.98% respectively.

Britannia Industries, biscuit and confectionery maker has dismissed some employees across levels in India on the basis of non-performance, as a part of the ongoing performance management process, which differentiates the great, good and under-performers. 

Usually, company put its under-performers usually 20 to 30 on a performance improvement plan and progress is consistently and carefully monitored. In case if the level of performance continues to be below the acceptable benchmark and there is no noticeable improvement, employees are transitioned. The company keeps employees informed in advance as part of the performance review and happens every year.

Britannia, one of the India’s biggest brands of the country, has a market share of 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

4921.05 8.35 (0.17%)
19-Nov-2024 12:04 View Price Chart
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