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Emami Plunges 5%; BSE FMCG Index Down 0.6%
Mon, 16 Sep 13:36

Emami Plunges 5%; BSE FMCG Index Down 0.6%Image source: Ivcandy/www.istockphoto.com

Emami share price has plunged 5% and is presently trading at Rs 750.7.

Meanwhile, the BSE FMCG index is at 23,541.1 (down 0.6%).

Among the top losers in the BSE FMCG index today are Godrej Consumer (down 3.2%) and Hindustan Unilever (down 2.4%).

KRBL (up 5.8%) and Godfrey Phillips (up 5.5%) are among the top gainers today.

Over the last one year, Emami has moved up from Rs 558.6 to Rs 750.7, registering a gain of Rs 192.1 (up 34.4%).

On the other hand, the BSE FMCG index has moved up from 18,798.8 to 23,541.1, registering a gain of 25.2% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 277.4%), BOM.BURMAH (up 134.2%) and Colgate (up 84.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,024.9 (up 0.2%).

The top gainers among the BSE Sensex today are JSW Steel (up 2.1%) and NTPC (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,401.0 (up 0.2%). JSW Steel and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,221.1 to 83,024.9, registering a gain of 15,803.8 points (up 23.5%).

Emami Financial Update...

Emami net profit grew 11.3% YoY to Rs 1,527 million for the quarter ended June 2024, compared to a profit of Rs 1,373 million a year ago. Net sales rose 9.7% to Rs 9,061 million during the period as against Rs 8,257 million in April-June 2023.

For the year ended March 2024, Emami reported 15.4% increase in net profit to Rs 7,241 million compared to net profit of Rs 6,274 million during FY23. Revenue of the company grew 5.1% to Rs 35,781 million during FY24.

The current Price to earnings ratio of Emami, based on rolling 12 month earnings, stands at 44.1.


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