Emami scales record high after declaring good Q2 earnings

Emami rose 3.97% to Rs 789.55 at 10:21 IST on BSE after consolidated net profit rose 16% to Rs 92.76 crore on 18.6% increase in total income to Rs 501.83 crore in Q2 September 2014 over Q2 September 2013.

The result was announced after market hours yesterday, 29 October 2014.

Meanwhile, the BSE Sensex was up 64.90 points, or 0.24%, to 27,163.07

On BSE, so far 21,439 shares were traded in the counter, compared with an average volume of 18,202 shares in the past one quarter.

The stock hit a record high of Rs 808 in intraday trade today, 30 October 2014. The stock hit a low of Rs 780 so far during the day. The stock hit a 52-week low of Rs 421 on 28 January 2014.

The stock had outperformed the market over the past one month till 29 October 2014, rising 9.4% compared with 1.88% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 39.75% as against Sensex's 4.26% 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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