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

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

By | Edited by Mallika Soni
May 30, 2024 10:25 AM IST

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

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 <span class='webrupee'>₹</span>625 apiece.
Emami share price: Emkay Global Financial Services maintained a ‘Buy’ rating on the stock and raised Emami share price target to 625 apiece.

Read more: Sundar Pichai's new challenge: Google Search secret data leaked. What it reveals

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.

Read more: Edelweiss Financial share price falls 17% over RBI action: What central bank said

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

Read more: Ashish Kacholia stock Awfis Space lists at 13% premium over IPO price

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.

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

See more

Catch every big news on Union Budget 2024, Nirmala Sitharaman's announcements, income tax changes and much more on a one stop destination.

SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Saturday, July 20, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On