Biscuit maker Britannia has increased the trouble of investors. Actually, there is a continuous decline in the stock of this company listed in the stock market. Due to this series of declines, the company’s stock price fell to its 52-week low on Monday.
What is the share price: On the first trading day of the week, the share price of Britannia came down to a low of Rs 3,190.10. At the same time, the market capital is also at the level of Rs 77 thousand crores. On September 14 last year, the share price had gone up to Rs 4,152.05, which is a 52-week high. In this context, investors have lost Rs 1,000 per share in just 6 months. At present, the share price is Rs 3200. The stock has lost 5 per cent as compared to a trading day earlier.
What is the reason: In fact, Britannia’s stock has been seeing a decline for the past few days due to input cost pressure. Consumer goods companies (FMCG) have faced inflation in most of their raw materials. This is expected to have a significant impact on the margins of consumer goods companies.
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Let us tell you that Britannia is a leader in the market of biscuits and bakery goods in India. It has a large distribution network in the country.