Share price of Emami jumped around 3 per cent to Rs 1252.65 on Thursday on reports that FTSE upgrades Emami to the midcap segment of the FTSE global equity index series coupled with HSBC on Monday initiated coverage of Emami Stocks with a “buy” rating.
The share price of the company jumped 3.5 per cent at Rs 1217.30 on Wednesday.
HSBC believes Emami
Adds Emami trades at 8 per cent discount to industry leader Hindustan Unilever
According to Eikon data, out of 26 analysts covering the stock, 5 have a strong buy, 7 have a buy, 9 have a hold and 5 have a sell rating on the Emami stocks.
(With inputs from Reuters)