Britannia Industries Ltd
Britannia Industries Ltd Share Price Today: Live Updates & Key Insights
Get insights on Britannia Industries Ltd’s fundamentals, financials, shareholding, peer comparison, corporate actions & performance. Track key metrics, price trends & market sentiment for informed decisions. Explore all data at Motilal Oswal.
Britannia Industries Ltd Share Price Chart
Britannia Industries Ltd Fundamentals
Traded Volume: 54,227
Market Cap(Cr): 1,40,763
Avg Traded Price 5875.18
1 Year return 16.56%
Upper Circuit 5,900
Lower Circuit 5,842.5
P/E TTM 61.00
P/B Ratio 96.00
Traded Value(Cr) 3169.03
EPS TTM 96.187
Book value 96.187
Dividend Yield 1Y 1.28%
Britannia Industries Ltd Share Price Performance
Shows the percentage change in stock price over different time periods
This section highlights Britannia Industries Ltd stock price performance across key timeframes, including 1-week, 1-month, 3-month, Year-To-Date (YTD), and 1-year returns. It provides insights into the Britannia Industries Ltd share price history, short-term movements, long-term trends, and overall investor sentiment
1W -0.52%
1M -1.15%
3M +1.36%
1Y +16.56%
YTD +22.64%
Britannia Industries Ltd Traded Volume Movement
Shows the trading volume over different time periods
This section highlights Britannia Industries Ltd daily and average traded volumes, offering insights into investor activity and market liquidity. Higher volumes than average often indicate rising interest, news impact, or shifting market sentiment
Yesterday 1.57L
Day Before Yesterday 3.09L
1W Avg 4.25L
1M Avg 4.91L
3M Avg 3.83L
Britannia Industries Ltd Technical Details
Britannia Industries Ltd technical indicators, such as support and resistance levels and pivot points, are calculated based on historical price and volume trends. These metrics help traders anticipate possible price movements and make informed trading decisions.
Support 1 5848
Support 2 5815
Support 3 5786
Pivot Point : 5876
Resistance 1 5909
Resistance 2 5938
Resistance 3 5971
Britannia Industries Ltd Corporate Actions
Britannia Industries Ltd corporate actions include dividends, bonus issues, stock splits, and key company updates that may affect share price and investor sentiment. This section provides timely details on past and upcoming actions, including ex-date, record date, and payout ratio - helping investors make informed decisions based on Britannia Industries Ltd’s capital allocation strategies.
All
Ex-Date 04-Aug-2025 Type D Description 75.00/share@7500.00% Record Date 04-Aug-2025 Ratio 7500.00
Ex-Date 05-Aug-2024 Type D Description 73.50/share@7350.00% Record Date 05-Aug-2024 Ratio 7350.00
Ex-Date 13-Apr-2023 Type D Description 72.00/share@7200.00% Record Date 13-Apr-2023 Ratio 7200.00
Ex-Date 20-Jun-2022 Type D Description 56.50/share@5650.00% Record Date - Ratio 5650.00
Ex-Date 25-May-2021 Type B Description share@1:1 Record Date 27-May-2021 Ratio 1:1
Ex-Date 25-May-2021 Type D Description 12.50/share@1250.00% Record Date 27-May-2021 Ratio 1250.00
Ex-Date 08-Apr-2021 Type D Description 62.00/share@6200.00% Record Date 10-Apr-2021 Ratio 6200.00
Ex-Date 26-Aug-2020 Type D Description 83.00/share@8300.00% Record Date 27-Aug-2020 Ratio 8300.00
Ex-Date 29-Apr-2020 Type D Description 35.00/share@3500.00% Record Date 02-May-2020 Ratio 3500.00
Ex-Date 01-Aug-2019 Type D Description 15.00/share@1500.00% Record Date - Ratio 1500.00
Ex-Date 29-Nov-2018 Type S Description share@1:2.00 Record Date 30-Nov-2018 Ratio 1:2.00
Ex-Date 27-Jul-2018 Type D Description 25.00/share@1250.00% Record Date - Ratio 1250.00
Ex-Date 28-Jul-2017 Type D Description 22.00/share@1100.00% Record Date - Ratio 1100.00
Ex-Date 29-Jul-2016 Type D Description 20.00/share@1000.00% Record Date - Ratio 1000.00
Ex-Date 27-Jul-2015 Type D Description 16.00/share@800.00% Record Date - Ratio 800.00
Ex-Date 23-Jul-2014 Type D Description 12.00/share@600.00% Record Date - Ratio 600.00
Ex-Date 23-Jul-2013 Type D Description 8.50/share@425.00% Record Date - Ratio 425.00
Ex-Date 17-Jul-2012 Type D Description 8.50/share@425.00% Record Date - Ratio 425.00
Ex-Date 19-Jul-2011 Type D Description 6.50/share@325.00% Record Date - Ratio 325.00
Ex-Date 08-Sep-2010 Type S Description share@1:5.00 Record Date 09-Sep-2010 Ratio 1:5.00
Ex-Date 23-Jul-2010 Type D Description 25.00/share@250.00% Record Date - Ratio 250.00
Ex-Date 09-Jun-2009 Type D Description 40.00/share@400.00% Record Date 10-Jun-2009 Ratio 400.00
Ex-Date 14-Jul-2008 Type D Description 18.00/share@180.00% Record Date - Ratio 180.00
Ex-Date 30-Aug-2007 Type D Description 15.00/share@150.00% Record Date - Ratio 150.00
Dividends
Announcement Date 04-Aug-2025 Ex Dividend Date 04-Aug-2025 Dividend(%) 7500
Announcement Date 05-Aug-2024 Ex Dividend Date 05-Aug-2024 Dividend(%) 7350
Announcement Date 13-Apr-2023 Ex Dividend Date 13-Apr-2023 Dividend(%) 7200
Announcement Date 20-Jun-2022 Ex Dividend Date 20-Jun-2022 Dividend(%) 5650
Announcement Date 25-May-2021 Ex Dividend Date 25-May-2021 Dividend(%) 1250
Announcement Date 08-Apr-2021 Ex Dividend Date 08-Apr-2021 Dividend(%) 6200
Announcement Date 26-Aug-2020 Ex Dividend Date 26-Aug-2020 Dividend(%) 8300
Announcement Date 29-Apr-2020 Ex Dividend Date 29-Apr-2020 Dividend(%) 3500
Announcement Date 01-Aug-2019 Ex Dividend Date 01-Aug-2019 Dividend(%) 1500
Announcement Date 27-Jul-2018 Ex Dividend Date 27-Jul-2018 Dividend(%) 1250
Announcement Date 28-Jul-2017 Ex Dividend Date 28-Jul-2017 Dividend(%) 1100
Announcement Date 29-Jul-2016 Ex Dividend Date 29-Jul-2016 Dividend(%) 1000
Announcement Date 27-Jul-2015 Ex Dividend Date 27-Jul-2015 Dividend(%) 800
Announcement Date 23-Jul-2014 Ex Dividend Date 23-Jul-2014 Dividend(%) 600
Announcement Date 23-Jul-2013 Ex Dividend Date 23-Jul-2013 Dividend(%) 425
Announcement Date 17-Jul-2012 Ex Dividend Date 17-Jul-2012 Dividend(%) 425
Announcement Date 19-Jul-2011 Ex Dividend Date 19-Jul-2011 Dividend(%) 325
Announcement Date 23-Jul-2010 Ex Dividend Date 23-Jul-2010 Dividend(%) 250
Announcement Date 09-Jun-2009 Ex Dividend Date 09-Jun-2009 Dividend(%) 400
Announcement Date 14-Jul-2008 Ex Dividend Date 14-Jul-2008 Dividend(%) 180
Announcement Date 30-Aug-2007 Ex Dividend Date 30-Aug-2007 Dividend(%) 150
Bonus
Record Date 27-May-2021 Ex-Bonus Date 25-May-2021 Ratio 1:1
Splits
Record Date 30-Nov-2018 Split Date 29-Nov-2018 Face Value (Before/After) 2.00/1.00
Record Date 09-Sep-2010 Split Date 08-Sep-2010 Face Value (Before/After) 10.00/2.00
Others
Rights No Rights has been declared by BRITANNIA
Britannia Industries Ltd Peer Comparison
Shows key financial metrics for the company and its peers
This section compares Britannia Industries Ltd with leading peers in the banking sector based on key metrics such as market capitalization, 1-year return, P/E (TTM), and PB ratio. It helps investors evaluate Britannia Industries Ltd's relative performance and valuation against major competitors.
Stock Name Nestle India Ltd ₹1268.00 (-0.69%) M. Cap (Cr) 2445.10 1 Yr Return (%) +11.95% P/E (TTM) 82.84 PB Ratio 60.97
Stock Name Britannia Industries Ltd ₹5844.00 (-0.62%) M. Cap (Cr) 1407.63 1 Yr Return (%) +16.56% P/E (TTM) 60.67 PB Ratio 43.78
Stock Name Hatsun Agro Product Ltd ₹1048.40 (-1.26%) M. Cap (Cr) 233.53 1 Yr Return (%) -2.11% P/E (TTM) 70.99 PB Ratio 13.58
Stock Name Bikaji Foods International Ltd ₹713.55 (+0.43%) M. Cap (Cr) 178.81 1 Yr Return (%) -8.75% P/E (TTM) 84.06 PB Ratio 13.50
Stock Name Zydus Wellness Ltd ₹435.45 (-0.22%) M. Cap (Cr) 138.54 1 Yr Return (%) +12.70% P/E (TTM) 54.62 PB Ratio 2.44
Stock Name Bombay Burmah Trading Corporation Ltd ₹1845.00 (+0.16%) M. Cap (Cr) 128.73 1 Yr Return (%) -26.67% P/E (TTM) 11.38 PB Ratio 2.52
Stock Name Orkla India Ltd ₹662.40 (+0.16%) M. Cap (Cr) 90.74 1 Yr Return (%) NaN% P/E (TTM) PB Ratio 3.58
Britannia Industries Ltd Cash Flow
Cash flow data provides a view of how money is generated and spent by Britannia Industries Ltd, across its operating activities, investing activities, and financing activities.
PARTICULARS Operating Activities Mar 2025 2373.15 Mar 2024 2233.73 Mar 2023 2442.05 Mar 2022 1206.09 Mar 2021 1778.27
PARTICULARS Investing Activities Mar 2025 183.50 Mar 2024 506.76 Mar 2023 -1386.44 Mar 2022 930.63 Mar 2021 500.64
PARTICULARS Financing Activities Mar 2025 -2759.31 Mar 2024 -2508.73 Mar 2023 -1047.82 Mar 2022 -2211.71 Mar 2021 -2222.84
PARTICULARS Net Cash Flow Mar 2025 -202.66 Mar 2024 231.76 Mar 2023 7.79 Mar 2022 -74.99 Mar 2021 56.07
Britannia Industries Ltd Shareholding Pattern
This shows the ownership breakdown of Britannia Industries Ltd, highlighting participation from Foreign Institutional Investors (FII), Mutual Funds, Public, Other Institutions, and Promoters.
Promoter 50.55%
Public 15.03%
Other Institutions 9.57%
FII 15.02%
Mutual Funds 9.83%
About Britannia Industries Ltd
Britannia Industries Limited (BIL) is one of India's leading FMCG companies. Britannia's product portfolio includes Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt. Its brand portfolio includes Tiger, Marie Gold, Good Day, 50:50, Treat, NutriChoice and Milk Bikis. BIL has a presence in more than 60 countries across the globe. The Company's international footprint includes presence in Middle East through local manufacturing in UAE and Oman. It is also the market leader in Nepal. Presently, it is engaged in manufacturing and sale of various food products.Britannia Industries Limited (formerly known as Britannia Biscuit Company Limited' was registered on March 21st, 1918 as a Public Limited Company. The name of the Company was later on changed from Britannia Biscuit Company Limited to Britannia Industries Limited effective on October 3, 1979. The Company's plants have been situated in Kolkata, Delhi, Chennai, Mumbai and Uttarakhand. In 1921, it became the first Company east of the Suez Canal to use imported gas ovens. Britannia's business was flourishing. But, more importantly, Company was acquiring a reputation for quality and value. As a result, during the tragic World War II, the Government reposed its trust in Britannia by contracting it to supply large quantities of 'service biscuits' to the armed forces. A new factory was established in the year 1924 at Kasara Pier Road in Mumbai. In the same year, the Company became a subsidiary of Peek, Frean & Company Limited, U.K., a leading biscuit manufacturing company, and further strengthened its position by expanding the factories at Calcutta and Mumbai. In 1952, the Kolkata factory was shifted from Dum Dum to spacious grounds at Taratola Road in the suburbs of Kolkata. During the same year automatic plants were installed in Calcutta and later in 1954 the automatic plants were installed in Mumbai plant, also in the same year the development of high quality sliced and wrapped bread in India was initiated by the company and was first manufactured at Delhi and a new bread bakery was set up at Delhi in the year 1965. Britannia Biscuit Company takes over biscuit distribution from Parry's during the year 1975. In 1976, the company had introduced Britannia bread in Calcutta and Chennai. During the year 1978, the company made Public issue, in that Indian shareholding crossed 60%. The Company had signed a 10-year technical collaboration agreement with Nebico Pvt Ltd., Nepal during the year 1980 for the supply of know-how relating to manufacturing, packaging and marketing of biscuits and selection of plant and machinery. During the year 1989, BIL's Executive Office was relocated to Bangalore. During the year 1990, two new brands of biscuits, Elaichi Creamand and Petit Beurre were launched. Also, in the same year a new cashew badam variant of the brand Milk Bikis and brand extension of pure magic biscuit Vanilla cream were launched, Fruit bread was launched in Delhi. The Company launched two new speciality brands in the year 1991 viz., Britannia milk bread and Britannia brown bread in Delhi and extended nationally its main brands Petit Beurre and Elaichi Cream. In 17th August of the year 1991, the Company handed over its Soya unit at Vidisha, MP to SM Dychem Ltd. BIL had celebrated its Platinum Jubilee in the year 1992. After a year in 1993, Wadia Group had acquired the stake in ABIL, UK and becomes an equal partner with Group Danone in BIL. The Company was in re birth phase during the year 1997, new corporate identity 'Eat Healthy, Think Better' leads to new mission of 'Make every third Indian a Britannia consumer' and in the same year BIL entered into the dairy products market. In 1998, BIL had launched Half/Half, a soft cake filled with cream in two variants, chocolate-vanilla and vanilla-orange. The Company had rolled out its flavored milk brand `Zip-Sip' in tetrapaks in the year 1999. Zip-Sip had been launched in Mumbai and some markets in the South.Forbes Global Ranking rated the company during the year 2000 among Top 300 small companies. In the same year, the company had launched Britannia Milkman Butter, a product under the Milkman brand. BIL made its fund in-principle agreement to acquire 49 per cent of Kwality Biscuits in the year 2001 through internal accruals. During the year 2002, the company had entered into a joint venture with the Fonterra Cooperative Group, New Zealand's biggest company and one of the leading diary co-operative groups in the world and the Britannia New Zealand Foods Pvt. Ltd was born. Pure Magic, the company's product was winner of the Worldstar, Asiastar and Indiastar award for packaging in the same year 2002. After a year, in 2003, BIL had launched 'Treat Duet', most successful of the year and Britannia Khao World Cup Jao rocks the consumer lives yet again. During the year 2004, Britannia accorded the status of being a 'Superbrand' and the brand Good Day added a new variant Choconut in its range. Reviewed marketing alliance with the Kolkata-based Thacker Dairy Products Pvt Ltd. In the year 2005, Britannia New Zealand had launched health drink for adult. The new plant in Uttaranchal, commissioned during the year 2005, it was ahead of schedule. In the same year, BIL launched yet another exciting snacking option the Britannia 50-50 Pepper Chakkar. BIL had forged a strategic alliance with CCD Daily Bread Pvt Ltd in the year 2006, a Bangalore based Company engaged in manufacturing and retailing of premium breads, cakes snacks and high end ready to eat foods. In the year 2007, Britannia industries formed a joint venture with the Khimji Ramdas Group and acquired a 70 percent beneficial stake in the Dubai-based Strategic Foods International Co. LLC and 65.4% in the Oman-based Al Sallan Food Industries Co. SAOG. The company was rated as the No 1 Most Trusted Food Brand in a survey conducted by AC Nielsen ORGO-MARG and published in Economic Times in the year 2007. Britannia launched Iron fortified 'Tiger Banana' biscuits, 'Good Day Classic Cookies', Low Fat Dahi and renovated 'MarieGold' during the period of 2008. BIL was ranked 27th place in the list of India's Fastest Growing Large Companies by Business Today, Special on June of the year 2008. In 2009, Britannia took full control of Daily Bread. During the year, Britannia New Zealand Food (BNZF) became a BIL subsidiary after BIL bought out New Zealand's Fonterra from the existing joint venture. BNZF was renamed Britannia Dairy Pvt. Ltd. (BDPL). During the year, Britannia became the first bakery brand in India to remove trans-fats from 99.9% of its products. During the year, Wadia Group became the largest shareholder in BIL after acquiring stake holdings from Group Danone.In November 2011, Britannia Bread launched its new range of Health Breads in Delhi. The range consists of Honey & Oats Bread, Multi-Grain Bread, 100% Whole Wheat Bread and Multi-Fiber Bread.In 2013, Britannia launched new NutriChoice Crackers Range, a biscuit made with the natural taste of sun-kissed golden wheat.In 2014, Britannia entered into an exclusive tie-up with Amazon for the launch of its latest product Good Day Chunkies, a super-premium chocolate chip cookie. In 2015, Britannia Bourbon, India's first premium chocolate biscuit, completed 60 glorious years.In 2016, Britannia launched Cake Biscotti, India's first ever classic 'Bridge' product combining the best of the world of a cake and that of a cookie. During the year, Britannia launched its state of the art R&D Centre facility in Bidadi, Karnataka.The Board of Directors of Britannia Industries at its meeting held on 9 February 2016 considered and approved a Scheme of Arrangement under Sections 391-394 of the Companies Act, 1956 for demerger of the Manufacturing Business division and Retail Sales Business division of Daily Bread Gourmet Foods (India) Private Limited, a wholly-owned subsidiary of Britannia Industries, into Britannia Industries. During the year 2016-17,this demerger was completed.On 28 March 2017, BIL announced that it has signed a joint venture agreement with Chipita S.A., a Greek company, for the manufacture and sale of ready-to-eat delicious croissants in India through a joint venture company namely Britchip Foods Limited. BIL will hold 60% stake and Chipita will hold 40% stake in Britchip Foods Limited.Also in the year 2016-17, the Company acquired 26% stake in Sunandaram Foods Private Limited, a cake manufacturing unit in Assam. During the year 2017-18, the Company incorporated a wholly owned Subsidiary in Nepal under the name of 'Britannia Nepal Private Limited'.During the year 2018-19, voluntary winding up of Daily Bread Gourmet Foods (India) Private Limited was initiated considering the unviability of the business in spite of the best efforts taken by the Company to revive the same.During the year 2019-20, Company incorporated a wholly owned subsidiary in Dhaka, Bangladesh under the name of 'Britannia Bangladesh Private Limited'. It sold equity stake in Klassik Foods Private Limited, an Associate Company, during the year.During the FY 2021, Strategic Foods Uganda Limited in Uganda and Britannia Egypt LLC in Egypt were incorporated as step-down subsidiaries of the Company.During 2020-21, the Company implemented 3 transformational projects which mainly comprised of S/4 HANA to integrate all business processes and implement best-in-class practices across value chain; online dealer management system to take sales processes to the next level and end-to-end integration of vendor processes.The final listing and trading approval for the bonus debentures was received from the BSE Limited and National Stock Exchange of India Limited on 16 July 2021 and the bonus debentures got listed on both the exchanges w.e.f. 20 July 2021.During year 2020-21 , the Company commissioned 3 Biscuit Lines, 1 snack line and expanded its depot at the Integrated Food Park,Ranjangaon, in Maharashtra.During year 2021-22, the Company commissioned 2 Wafer lines at Perundurai Factory.During the year 2022-23, the Company commissioned Dairy Plant at Ranjangaon Food Park, Maharashtra; commissioned two large greenfield factories in Tirunelveli, Tamil Nadu and Barabanki, Uttar Pradesh; expanded Khurda and Ranjangaon Factories with biscuit and rusk lines.The Company through JVA with Bel SA, France and Britannia Dairy Private Limited (`BDPL') sold 49% of its equity stake in its wholly owned subsidiary, BDPL to Bel and consequently, BDPL became a Joint Venture Company of Britannia Industries Limited and Bel SA in India under the name of `Britannia Bel Foods Private Limited'. Kenafric Biscuits Limited, Kenya and Catalyst Britania Brands Limited, Mauritius, became step down subsidiaries of Company during the year 2023. In 2023, the Company launched Nutrichoice Seeds, Herbs & Protein Cookies and also transformed Nutrichoice Essentials and Digestive with 100% Atta; launched Biscafe, a thin cracker which is designed as a great accompaniment to coffee; launched Winkin' Cow Brand and invested in aseptic PET drinks technology; launched Centre-filled Croissants under the brand `Treat' .In 2024, Company commissioned a greenfield factory in Bihta, Bihar. It scaled up 14 Lines (Biscuit & Rusk) in its factories at Khurda, Ranjangaon, Tirunelveli and Barabanki. It launched Makhana (Fox Nuts) under the Brand `Better Snack Co', Energy and Protein Bars under the brand `Be You' and also expanded Good Day portfolio with Good Day Fruit & Nut and Good Day Butter Jeera.
Chairman (Non-Executive)
Nusli N Wadia
Registered office 5/1/A Hungerford Street, , Kolkata, West Bengal, 700017
FAX :91-033-22872439/2057/2287
Background
Incorporation Year 1918
Face Value ₹1.00
Market Lot 1
FAQs on Britannia Industries Ltd
How to buy Britannia Industries Ltd shares on NSE?
To buy Britannia Industries Ltd shares in Motilal Oswal, you just need to open a demat account and get your KYC documents verified.
What is the Britannia Industries Ltd share price today?
The Britannia Industries Ltd share price on NSE is ₹5844.00 today.
What is the market cap of Britannia Industries Ltd on NSE?
The company has a market capitalization of ₹140763.44.
What is the PE & PB ratio of Britannia Industries Ltd?
PE is 61 and PB is 96.
What is the 52 Week High and Low of Britannia Industries Ltd shares?
Britannia Industries Ltd stock price high: ₹6336 Britannia Industries Ltd stock price low: ₹4506.
How has Britannia Industries Ltd share price changed over the last year?
Although Britannia Industries Ltd share price has fallen short of a good run with intraday trading, it is a good stock to hold for the longer term. For true investors, this stock has been increasing in price, although steadily, but has proved its mettle for long-term and serious investors. By March 2022, Britannia Industries Ltd was outperforming its 5-year average (38.28%), delivering an ROE of around 59%.
What is the market capitalization of Britannia Industries Ltd?
The market capitalization of Britannia Industries is Rs. 102235.34 crores.
What is the dividend yield of Britannia Industries Ltd?
The dividend yield of Britannia Industries is 1.33%.
What is the earnings per share (EPS) of Britannia Industries Ltd?
The earnings per share (EPS) of Britannia Industries Ltd. is 75.41.
What is the price-to-book (P/B) ratio of Britannia Industries Ltd?
The price-to-book (P/B) ratio of Britannia Industries Ltd is 50.36.
What is the debt-to-equity (D/E) ratio of Britannia Industries Ltd?
The debt-to-equity (D/E) ratio of Britannia Industries Ltd is 0.75.
What is the return on equity (ROE) of Britannia Industries Ltd?
The return on equity (ROE) of Britannia Industries Ltd is49.7%.
What is the return on assets (ROA) of Britannia Industries Ltd?
The return on assets (ROA) of Britannia Industries Ltd is22.89 (March 2022).
What is the return on investment (ROI) of Britannia Industries Ltd?
The return on investment (ROI) of Britannia Industries Ltd is34.39%.
What are the growth prospects for Britannia Industries Ltd?
The earnings of Britannia Industries Ltd are forecast to grow. However, this will not be significant. In terms of revenue vis-a-vis the market, the revenue of Britannia (9.9% per year) is estimated to grow at a slower pace than the Indian market (growing at 10.6% per year).
How does Britannia Industries Ltd compare to its peers in the industry?
In the sector of food processing and fast-moving consumer goods, Britannia is not at the top. You could say its position is somewhere close to the top. Competitors include stocks like Nestle, Glaxo Smith Con and Tasty Bite, out of which only Nestle has a market capitalization higher than that of Britannia. However, the stocks of Britannia are lower than all three competitors. Still, the company is growing where domestic sales and the introduction of new products are concerned.
Should I buy, hold, or sell Britannia Industries Ltd shares?
Britannia is a long-term investment stock. As the company is growing at a slow rate, the best way to earn returns is to buy the stock and hold on to it for a while.