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Should you buy, sell or hold Britannia Industries after Q1 results
"The FMCG major missed expectations on sales with negative volume growth. The promising outlook is already priced in. Inflation continues to hurt the bakery industry," said the brokerage firm.Another foreign broker Morgan Stanley kept its overweight stance intact on the stock with a target price of Rs 3,892 despite the muted results by the FMCG major.