Emami jumps after strong Q3 results

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Capital Market
Last Updated : Jan 21 2014 | 11:55 PM IST

Emami jumped 3.82% to Rs 460.80 at 09:39 IST on BSE after consolidated net profit rose 31.1% to Rs 150.68 crore on 6.6% increase in net sales to Rs 584.67 crore in Q3 December 2013 over Q3 December 2012.

The result was announced after market hours on Monday, 21 January 2014.

Meanwhile, the BSE Sensex was up 53.31 points, or 0.25%, to 21,258.36.

On BSE, so far 30,000 shares were traded in the counter, compared with an average volume of 11,524 shares in the past one quarter.

The stock hit a high of Rs 467.90 and a low of Rs 456 so far during the day. The stock hit a record 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 20 January 2014, sliding 4.17% compared with the Sensex's 0.59% rise. The scrip had also underperformed the market in past one quarter, falling 5.94% as against Sensex's 1.54% rise.

The large-cap company 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 a portfolio of household brand names such as BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Mentho Plus Balm and Fast Relief. It has a portfolio of over 250 products based on ayurvedic formulations. Emami's current operations comprise more than 60 countries including GCC, Europe, Africa, CIS countries and the SAARC.

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First Published: Jan 21 2014 | 9:39 AM IST

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