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Weak Emami stock looks ripe

Kesh King and recovery in global sales to fuel growth

Sheetal Agarwal 

Emami stock has fallen nearly five per cent over the past one month. The Sensex, by contrast, has gained 4.4 per cent in this period. Worries surrounding note ban, which has affected demand in rural India, as well as wholesale distribution channel (50-55 per cent of sales), have weighed on the stock price. Though Emami did better than expected in the latest October-December quarter, its sales volumes growth remained flat, in a break from 6-10 per cent rate seen in each of the preceding five quarters. The company said it expects note-ban impact to continue in January-March quarter. That ...

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Weak Emami stock looks ripe

Kesh King and recovery in global sales to fuel growth

Kesh King and recovery in global sales to fuel growth Emami stock has fallen nearly five per cent over the past one month. The Sensex, by contrast, has gained 4.4 per cent in this period. Worries surrounding note ban, which has affected demand in rural India, as well as wholesale distribution channel (50-55 per cent of sales), have weighed on the stock price. Though Emami did better than expected in the latest October-December quarter, its sales volumes growth remained flat, in a break from 6-10 per cent rate seen in each of the preceding five quarters. The company said it expects note-ban impact to continue in January-March quarter. That ... image
Business Standard
177 22

Weak Emami stock looks ripe

Kesh King and recovery in global sales to fuel growth

Emami stock has fallen nearly five per cent over the past one month. The Sensex, by contrast, has gained 4.4 per cent in this period. Worries surrounding note ban, which has affected demand in rural India, as well as wholesale distribution channel (50-55 per cent of sales), have weighed on the stock price. Though Emami did better than expected in the latest October-December quarter, its sales volumes growth remained flat, in a break from 6-10 per cent rate seen in each of the preceding five quarters. The company said it expects note-ban impact to continue in January-March quarter. That ...

image
Business Standard
177 22