News

Emami shares soar 8 percent

By SiliconIndia | Monday, 08 March 2010, 02:16 Hrs

Bangalore: The Emami stock was on a roll as it touched its 52 week high to end the day among the top gainers. Having started the day at

586.80, the stock touched its 52 week high of

631.95, before losing steam and closing trade at

621.30, 7.67 percent above its previous close of

577.05. Through the day, 78,261 Emami shares were traded in the market with the current P/E ratio of the stock at 43.36. The 52 week stock price chart is on the left.

Emami is engaged in manufacturing and marketing of health, beauty and personal care products that are based entirely on ayurvedic formulation. Emami's segment includes personal and healthcare, and real estate. Emami has also launched a range of baby products under the brand name Emami Healthy and Fair baby range, which includes a soap, talc and oil. Its product categories consists hair care, skin creams, soaps and lotions, talcum powder, and ayurvedic healthcare products. In June 2009, the company and Zandu Pharmaceutical Works announced the demerger of the realty undertaking of the company into a separate company viz. Slick Properties to be renamed as Emami Infrastructure.

Out of the two analysts following the stock currently, the consensus recommendation is to buy the stock. With 1,090,000 shares in its portfolio, HDFC Equity Fund holds the highest number of shares in Emami.

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