Buy Britannia Industries Ltd., target Rs 3660.0 : Motilal Oswal Securities

Motilal Oswal Securities has Buy call on Britannia Industries Ltd. with a target price of Rs 3660.0. The current market price of Britannia Industries Ltd. is 3467.2. Time period given by analyst is year, when Britannia Industries Ltd. price can reach defined target. The brokerage said it acknowledges immense growth opportunities in the com pany's business segments. It has reduced its EPS estimate by 4% for FY17 but raised it by 4% for FY18 given the likely demand recovery due to strong monsoon.