Emami share price gains 18% to hit 52-week after Q4 results: Should you buy?

Emami share price: Emami's revenue from operations in Q4FY24 rose 6.6% to ₹891.24 crore from ₹835.95 crore YoY.

Updated on: May 30, 2024, 10:25:35 IST

By HT News Desk | Edited by Mallika Soni

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Emami share price: The share price of Emami jumped 18% today (May 30) to hit a 52-week high after the company reported its Q4 results. The shares rallied 18.66% to ₹619.00 apiece on the BSE as Emami posted a net profit of ₹146.75 crore for the fourth quarter of FY24- increase of 3.62% from ₹141.62 crore in the year-ago quarter. Emami's revenue from operations in Q4FY24 rose 6.6% to ₹891.24 crore from ₹835.95 crore YoY.

Emami share price: Emkay Global Financial Services maintained a ‘Buy’ rating on the stock and raised Emami share price target to ₹625 apiece.

What brokerages said on Emami share price

Antique Stock Broking upgraded Emami shares to ‘Buy’ from ‘Hold’. The brokerage raised the target price to ₹616 per share from ₹527 earlier.

How have Emami shares performed so far

Emami share price gained over 23% in one month and more than 32% in the past three months. In the past one year, the shares have given over 50% returns.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Emami share price gains 18% to hit 52-week after Q4 results: Should you buy?

Emami share price: Emami's revenue from operations in Q4FY24 rose 6.6% to ₹891.24 crore from ₹835.95 crore YoY.

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What brokerages said on Emami share price

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How have Emami shares performed so far