GKB Ophthalmics, Bazel International, Shree Renuka Sugars, Best Agrolife, Best Eastern Hotels, Bhanderi Infracon, Indian Acrylics, Marg Techno Projects, Polymac Thermoformers are among 24 companies that are scheduled to annou
Emami posted weak Q1FY16/Q2FY16 results impacted by soft domestic volume growth, lower than expected performance by Kesh King, due to which, the stock plunged by 25%/10% respectively.
Nomura has downgraded FMCG major Emami citing high valuations and said that it prefers Dabur India, Godrej Consumer and Hindustan Unilever which offer higher growth at cheaper multiples.
Share price of Emami jumped as much as 6.25 per cent on Thursday on reports that FTSE upgrades Emami to the midcap segment of the FTSE global equity index series.
FMCG player Emami on Tuesday announced acquisition of ayurvedic hair and scalp care brand Kesh King for Rs 1,651 crore in its foray into the fast-growing haircare segment.