Britannia Industries: Strong Support at Long-Term Trendline

Britannia Industries is currently at a significant support level, having touched a four-year long-term trendline. The stock has declined 24% from its all-time high, making it a potential buying opportunity for investors.

Fundamental Points for Britannia Industries (2024)

Market Capitalization: Approximately ₹1,19,229 crore.
P/E Ratio: Around 55.96, indicating a premium valuation.
Return on Equity (ROE): Approximately 54.28%, reflecting strong profitability.
Dividend Yield: About 1.48%, providing consistent income to investors.
Recent Performance: The stock has shown resilience with a recent increase of 3.06% on January 9, 2025.