Shares of Britannia Industries Ltd remained in focus on Thursday, May 21, after a block deal involving 2,01,705 shares was executed at ₹5,360 per share, taking the total transaction value to approximately ₹108.12 crore.
As of now, the identities of the buyer and seller involved in the transaction have not been disclosed.
Following the block deal, Britannia shares were trading lower in early trade. The stock was quoted at ₹5,329, down 0.29% or ₹15.50 on the NSE around 9:55 AM. During the session, the stock touched an intraday low of ₹5,315.50 and a high of ₹5,373.
Britannia’s previous closing price stood at ₹5,344.50. The company currently commands a market capitalisation of around ₹1.28 lakh crore.
The FMCG major has remained one of the key defensive consumption stocks in the Indian market, though the stock has seen range-bound movement in recent months amid valuation concerns and evolving demand trends in the consumer sector.
On a broader basis, Britannia shares have traded within a 52-week range of ₹5,279.50 to ₹6,336.
The stock currently trades at a price-to-earnings (P/E) ratio of 50.59, while offering a dividend yield of 1.70%.
Block deal activity in large-cap FMCG stocks is closely tracked by the market, particularly when institutional participation is involved. Further clarity regarding the counterparties in the transaction may emerge later through exchange disclosures.
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