Emami slips 7%, hits lowest level since August 2014 after huge block deals

Till 09:56 am, a combined 71.64 million shares, representing 15.78 per cent of the company's equity, had changed hands on the BSE and NSE.

Emami's stock price hit an over four-and-half year low of Rs 270, slipping 7 per cent on the BSE, after huge block deals. It was trading at its lowest level since August 8, 2014 on the BSE.

The stock is trading lower for the eight straight day and has fallen 25 per cent in the past month. In comparison, the benchmark S&P BSE Sensex was down 0.42 per cent during the same period.

At 09:20 am, around 34.63 million shares, representing 7.6 per cent of Emami's total equity capital, changed hands on the BSE through block deals, the exchange