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Market analyst Mitesh Thakkar has suggested two BUY Calls and Two SELL calls for today’s trading session. Indian markets are expected to open weak today as US markets closed low on Wednesday.
Axis Securities suggests medium term BUY for FMCG major Britannia Industries. Invest around Rs 2700 - 2800 for target price of Rs 3035 as per analysis shared by Axis Securities.
The 117-year-old biscuit major Britannia Industries has entered into an agreement with Fonterra Brands (Mauritius Holding) Ltd, Mauritius, for acquiring the latter's 49% Equity and Preference shareholding in Britannia New Zealand Foods Pvt. Ltd (BNZF), their joint venture company engaged in Dairy business.
With this acquisition, Britannia along with its wholly owned subsidiary will hold the entire equity and preference capital of BNZF. The acquisition is subject to Reserve Bank of India approval.
Surya Brasil, a Brazilian personal care firm, has plans to setup up a manufacturing facility in the India, to cater the growing demand for its products in the region.
Currently, the company has 8 distributors throughout the country and its products are available at major retail chains. The firm has been operating in the country, for the past two years.
The company expects to clock turnover of Rs 1 crore this fiscal, with the setup of new manufacturing facility. Presently, the company has three manufacturing units in Brazil.
The 117-year-old biscuit major Britannia Industries has entered into an agreement with Fonterra Brands (Mauritius Holding) Ltd, Mauritius, for acquiring the latter's 49% Equity and Preference shareholding in Britannia New Zealand Foods Pvt. Ltd (BNZF), their joint venture company engaged in Dairy business. 
Despite an economic slowdown, G
Surya Brasil, a Brazilian personal care firm, has plans to setup up a manufacturing facility in the India, to cater the growing demand for its products in the region. 
