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Emami moves higher on bargain hunting

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Capital Market Mumbai
Last Updated : Apr 22 2013 | 2:44 PM IST

Meanwhile, the BSE Sensex was up 6.35 points, or 0.03%, to 19,669.90.

On BSE, 34,118 shares were traded in the counter as against an average daily volume of 22,006 shares in the past one quarter.

The stock hit a high of Rs 587 and a low of Rs 567.10 so far during the day. The stock had hit a record high of Rs 654 on 15 November 2012. The stock had hit a 52-week low of Rs 334.45 on 11 November 2012.

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The stock had underperformed the market over the past one month till 10 January 2013, falling 6.90% compared with the Sensex's 1.31% rise. The scrip had, however, outperformed the market in past one quarter, rising 13.67% as against Sensex's 5.54% rise.

The mid-cap company has an equity capital of Rs 15.13 crore. Face value per share is Re 1.

Emami's consolidated net profit rose 16.9% to Rs 59.20 crore on 17.9% growth in net sales to Rs 360.66 crore in Q2 September 2012 over Q2 September 2011.

Emami is engaged in developing and manufacturing personal, beauty and health care products through an effective leverage of Ayurveda.

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First Published: Jan 11 2013 | 11:32 PM IST

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