Britannia Industries shares jump 5% post-Q1 results; Nomura sees up to 20% upside

Britannia Industries shares rose nearly 5 percent on Friday after the company reported a 14.08 percent increase in consolidated net profit for the June quarter. Global brokerage Nomura kept a 'Buy' rating on the stock with a target price of Rs 6,500, showing an upside potential of over 20 percent.