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The brokerage maintains ADD, with a TP of Rs 256, factoring in a consistently healthy order book and robust project pipeline ahead.

The stock has given multibagger returns to investors in the last five years, offering over 550% from March 2021 to April 2022. In the last five years, the stock has more than double. However, the stock has underperformed in the last one year, offering -33.62% returns.

Domestic brokerage Motilal Oswal has a Buy call on Dabur with a target of Rs 650. "Overall sales growth trajectory has revived in recent years – a continuation of the turnaround seen by Dabur under the new CEO. Beyond the near-term, rural demand recovery, material cost stability and a less challenging base are likely to result in healthy earnings growth from FY24 onwards," Motilal said.

The selloff deepened after Bloomberg reported this week that units of Credit Suisse Group AG and Citigroup Inc. have stopped accepting some securities issued by Adani’s companies as collateral for margin loans to wealthy clients.

Promoters held 59.45 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 23.1 per cent and 4.21 per cent, respectively.

Earlier this week, the stock gave a range breakout which has now opened room for the stock to head towards Rs 600 levels in the next 6 months or so, suggest experts. Most of the technical indicators such as Aroon Up/Down & MACD indicator suggest a possible firm uptrend.

On the technical charts, the RSI of the stock stood at 54.75.

Britannia Industries, incorporated in the year 1918, is a Large Cap company (having a market cap of Rs 111301.63 Crore) operating in FMCG sector.

“The good news is that we continue to gain market share. We are confident about our product rollouts. We continue to roll out several new products. And in that process, we are very much on our premiumisation journey. So both from a direction of the brand and products, we are clearly coming up the curve. ”