Britannia Industries shares rose on Monday following the company’s announcement of its fourth-quarter results after market hours on Friday. Britannia Q4 Earnings Scorecard: Britannia reported a 3.76% decline in consolidated net profit for the quarter ending March 2024, totalling ₹536.61 crore compared to ₹557.60 crore in the same quarter the previous year, according to a regulatory filing.
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From Rs 0.87 to Rs 2.25 per share, the stock gave multibagger returns of 158.6 per cent from its 52-week low till today’s intraday high. The Board of Directors of GG Engineering Ltd approved the conversion of 135 million previously issued warrants into the same number of equity shares for non-promoter investors. These investors had already paid 25 per cent of the issue price (Rs 1.32 per share).
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On May 03, 2024, foreign institutional investors (FII) offloaded shares worth Rs 2,391.98 crore, while domestic institutional investors (DII) bought shares worth Rs 690.52 crore. In the ongoing trading session, Benchmark indices are trading on a positive note with Sensex moderately surging by 0.38 per cent, while Nifty also gained by 0.23 per cent.
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