Higher growth, margin expansion likely to drive further gains for Emami

Expectations of revenue growth, margin expansion and reduction in share pledge are other triggers

The stock of consumer major Emami has corrected 3 per cent from its 52-week high of Rs 546.25 on August 23. On Tuesday, the share closed at Rs 521.90 on the BSE, down 0.28 per cent.

After underperforming the Nifty FMCG index for a long time, the stock is now doing a catch up and surged over 13 per cent in the past one month. It has been on an uptrend since its March lows, gaining about 54 per cent during this period. This has helped the stock narrow its underperformance vis-a-vis the sector index seen over the past one