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Stock Radar: This FMCG stock on the verge of slipping into bear territory. What to do now – Economic Times

Britannia Industries Ltd, part of the packaged foods space, has tumbled nearly 20 per cent from its September 2021 highs, which effectively places the stock in a bear market, but experts believe that additional capex plans will support future growth and can be a good buy on dips stock.

The FMCG stock hit a 52-week high of Rs 4,152 on 14 September 2021, but failed to hold on to the momentum. The stock closed at Rs 3,334 on 17 June 2022, which