Britannia Industries stock rises 6.2% as investors cheered growth plans

Britannia Industries stock rises 6.2% as investors cheered growth plans

Intra-day, Britannia’s stock price rose as much as 7.5 per cent, closing trade at Rs 2,678.8 a share
Current Affairs:-Chinese advanced cell creator Vivo is intending to put around Rs 3,500 crore in India into limit development and different undertakings in future, taking up the all out speculation duty the organization made in India to Rs 7,500 crore. The organization will begin tasks in an extended office one month from now to include producing limit of 8.4 million units, with a venture of Rs 400 crore, from the submitted speculation.
“We have been bullish about India from the earliest starting point. So far we have put around Rs 400 crore in our assembling office. We have a yearly limit of 25 million units,” said Nipun Marya, executive, Brand Strategy, Vivo India. He didn’t put a time span for the speculation.
At present, it is running at full limit in the current office and the organization has grabbed a 169-section of land in Greater Noida a couple of months back. It has begun works from the Rs 7,500 crore venture duty by putting around Rs 400 crore into another office to include 8.4 million increasingly advanced mobile phones, which will be operational one month from now.

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