Emami firms up after strong Q2 outcome

Emami rose 3.33% to Rs 494.90 at 14:17 IST on BSE after consolidated net profit rose 35.06% to Rs 79.96 crore on 13.59% growth in total income to Rs 423.17 crore in Q2 September 2013 over Q2 September 2012.

The result was announced after trading hours on Wednesday, 23 October 2013.

Meanwhile, the BSE Sensex was up 47.70 points, or 0.23%, to 20,815.58.

On BSE, 16,000 shares were traded in the counter compared with average volume of 35,669 shares in the past one quarter.

The stock hit a high of Rs 496.80 and a low of Rs 485 so far during the day. The stock hit a 52-week high of Rs 539.40 on 12 July 2013. The stock hit a 52-week low of Rs 367.58 on 24 January 2013.

The stock had underperformed the market over the past one month till 23 October 2013, sliding 0.34% compared with the Sensex's 4.36% rise. The scrip had also underperformed the market in past one quarter, falling 6.65% as against Sensex's 2.29% rise.

The large-cap personal care products maker has an equity capital of Rs 22.70 crore. Face value per share is Re 1.

Emami is one of the leading personal and healthcare businesses in India, with an enviable portfolio of household brand names such as Boroplus, Navratna, Fair and Handsome, Zandu balm, Mentho Plus balm and Fast Relief.

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