Fund raising adds gloss to Emami

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MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)
PROFIT UP 55% AT RS.143.50 CR; NET SALES UP 22.5% AT RS.2234.20 (YOY)
IMPORTING SUGAR BEING REVIEWED; NEED FOR ECONOMIC PRICING OF SUGAR
IN DISCUSSIONS WITH FARMERS TO COME AT PRICE COMFORTABLE FOR BOTH SIDES
TOO EARLY TO TALK OF DENA BANK MERGER WITH ANOTHER PSU BANK: NW
KEEPS OVERNIGHT LENDING RATE UNCHANGED AT 0.1%
STILL SEE DOWNSIDE RISK FOR THE ECONOMY
AIM TO CONVERT NON USERS TO USERS WITH THE HELP OF ROAMING TARIFF CUTS
PREFER TO REMAIN AGGRESSIVE WITHOUT GETTING INTO A PRICE WAR
MURTAZA KHORAKIWALA TO NDTV: CANNOT COMMENT ON SUB JUDICE MATTER
WOCKHARDT TO PAY BACK ALL SECURED, UNSECURED LOANS IN 5 YRS AS PER CDR
DBS TOP BRASS MET HABIL KHORAKIWALA TO DISCUSS WAYS OF SETTLEMENT: SRCS
EYEING TO SETTLE PAYMENT DEFAULT CASE OUT OF COURT: SOURCES
ALERT: ROAMING CONTRIBUTES 15% OF BHARTI REVENUES
ROAMING CALLS ON OTHER NETWORKS AT 80 PAISE/MINUTE
ROAMING CALLS ON OWN NETWORK AT 60 PAISE/MIN
SWAP TO REDUCE OVERALL FINANCE CHARGES FOR THE COMPANY: CFO
COMPLETES SWAP OF $875MN FOREX CONVERTIBLE BONDS

Updated: 03/07/2009 | 12:00 AM IST

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Capital Market

Friday, July 03, 2009 (New Delhi)

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At the day's low of Rs 320.10, the stock had declined 7.87%.

Meanwhile, the BSE Sensex was up 88.52 points, or 0.60%, 14,747.01.

On BSE, 38,015 lakh shares were traded in the counter. The stock had an average daily volume of 33,084 shares in the past one quarter.

The stock hit a high of Rs 362 and a low of Rs 320.10 so far during the day. The stock hit a 52-week high of Rs 394.50 on 17 June 2009 and a 52-week low of Rs 175 on 18 March 2009.

The mid-cap stock had outperformed the market over the past one month till 2 July 2009, rising 7.02% as compared to the Sensex's 1.45% fall. It had also outperformed the market in the past one quarter, surging 64.36% as compared to the Sensex's return of 41.64%.

The company's current equity is Rs 12.43 crore. Face value per share is Rs 2.

The current price of Rs 347.90 discounts the company's Q4 March 2009 annualized EPS of Rs 9.99, by a PE multiple of 34.82.

The company has reportedly raised Rs 310 crore through issuing qualified institutional placement (QIP). The shares were sold at Rs 310 a piece.

Emami's net profit plunged 55.6% to Rs 15.52 crore on 2.1% rise in net sales to Rs 184.73 crore in Q4 March 2009 over Q4 March 2008.

Emami is engaged in developing and manufacturing personal, beauty and health care products through an effective leverage of Ayurveda.

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