Emami slips 8%, stock hovers near 5-year low on growth slowdown concerns

In the past four weeks, Emami's market has underperformed the market by falling 21 per cent as compared to the unchanged S&P BSE Sensex during the same period

Emami shares slipped 8 per cent to Rs 283 in intra-day trade on the BSE, trading close to its five-year low, on concerns of growth slowdown.

The stock was trading at its lowest level since August 13, 2014 and has tanked 53 per cent from its 52-week high level of Rs 599, touched on August 1, 2018.

In the past four weeks, Emami has underperformed the market by falling 21 per cent on weak March quarter (Q4FY19) earnings as compared to the unchanged S&P BSE Sensex during the same period.

The personal products company’s Ebitda (earnings before interest,