 "markets, stocks, growth")
Emami’s June 2020 quarter (Q1) earnings, announced on Friday, brought much-needed cheer for investors. Besides the better-than-expected results, a sharp reduction in promoter pledging, and better revenue outlook, led by the company’s robust product pipeline (in the health and hygiene segment), boosted investors’ sentiment. The stock of Emami gained over 8 per cent on Friday and 19.3 per cent on Monday, even as the BSE Sensex was up less than 1 per cent over these two days.
According to the firm, with the completion of Emami Group’s cement business sale, its promoter pledging has fallen sharply to 55 per cent, from
