Panic attack surges Britannia’s growth
Over the past few days, the sales of various daily necessities products have been sky rocketed up 15-30% depending on the products category. The lockdown of various companies and educational institutions over the fear of spreading Coronavirus have increased the consumers spending on Fast-moving consumer goods that have become essential at the moment. Britannia is the highest scoring Indian headquartered company in the ATNI 2020. It is also encouraging to note that the company have achieved the largest increase when compared to the other companies which shows the strong position of the company in its sector. The company has delivered outstanding increase in the share price over 159% over the last 5 years.
The following graph of Ichimoku cloud indicator shows that there is an upward movement of the stock as the sales of the products have been increasing over the past days. The economic slowdown had its impact earlier as the sales of the products were decreased but as the fear of the Coronavirus spread around the country, the consumers have been sharply increasing their purchases of daily essential and healthcare products. Also, the chikou-span (lagging line) depicts an upward trend for the stock and also the candlestick denotes a bullish trend for the stock.
The company has been taking various steps to control the damages caused due to the virus outbreak. The Ashley Hotel in Hale has closed and made all staff redundant in response to the coronavirus outbreak. The hotel, run by Britannia Hotels, informed all staff that it would be closing its doors as it has to follow the Government orders. The company also has been focusing on reducing its costs by taking optimizing its productivity which would result in the rise of its profits. The Bollinger band chart also shows that there is an opportunity of growth for the stock as the band widens and the candlestick has reached the lower band. Also the stock has been volatile and would be highly volatile in the upcoming sessions too. The usage of support and resistance while trading in the stock would help in booking profits. The business of the company has been well diversified and balanced for its operations and would earn more profits as the environment changes.
The following graph of Ichimoku cloud indicator shows that there is an upward movement of the stock as the sales of the products have been increasing over the past days. The economic slowdown had its impact earlier as the sales of the products were decreased but as the fear of the Coronavirus spread around the country, the consumers have been sharply increasing their purchases of daily essential and healthcare products. Also, the chikou-span (lagging line) depicts an upward trend for the stock and also the candlestick denotes a bullish trend for the stock.
The company has been taking various steps to control the damages caused due to the virus outbreak. The Ashley Hotel in Hale has closed and made all staff redundant in response to the coronavirus outbreak. The hotel, run by Britannia Hotels, informed all staff that it would be closing its doors as it has to follow the Government orders. The company also has been focusing on reducing its costs by taking optimizing its productivity which would result in the rise of its profits. The Bollinger band chart also shows that there is an opportunity of growth for the stock as the band widens and the candlestick has reached the lower band. Also the stock has been volatile and would be highly volatile in the upcoming sessions too. The usage of support and resistance while trading in the stock would help in booking profits. The business of the company has been well diversified and balanced for its operations and would earn more profits as the environment changes.
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