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In general, a high dividend yield strategy can give a much better return to investors in a volatile market
Britannia Industries Ltd is up for a third straight session today. The stock is quoting at Rs 3773.15, up 1.14% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.16% on the day, quoting at 14853.4. The Sensex is at 49838.64, up 1.3%. Britannia Industries Ltd has gained around 8.95% in last one month.
Meanwhile, Nifty FMCG index of which Britannia Industries Ltd is a constituent, has gained around 5.09% in last one month and is currently quoting at 34619.85, up 0.75% on the day. The volume in the stock stood at 2.26 lakh shares today, compared to the daily average of 5.13 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 3723.65, up 1.24% on the day. Britannia Industries Ltd is up 35.94% in last one year as compared to a 69.78% jump in NIFTY and a 20.94% jump in the Nifty FMCG index.
The PE of the stock is 50.25 based on TTM earnings ending December 20.
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