BSE Code: | NSE Code: | ISIN: | Sector:

NSE
1146.30
Change Change %
-6.55 -0.57%

Updated:23 Oct, 2017, 15:53 PM IST

BSE
1138.00
Change Change %
-19.90 -1.72%

Updated:23 Oct, 2017, 15:41 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Reliance Securities
N/A
22-08-2017 Buy 1096.50 1316.00
N/A
Open Long (1Y)
22-08-2018

Reliance Securities maintains buy on Emami

We believe that adverse impact of GST is transitory in nature and will correct itself in coming quarters with steady up-stocking by the trade, good monsoons and other favourable macroeconomic factors. We expect the Company to witness a gradual recovery in 2QFY18 and a full-fledged recovery from 3QFY18 onwards. Emami is expected to post consolidated sales of Rs27.3bn and Rs31.4bn and adjusted net profit of Rs6.7bn and Rs8bn in FY18E and FY19E, respectively. Based on estimated adjusted EPS of Rs35.3, the stock currently trades at reasonable valuation of 31.4x FY19E earnings. We maintain our BUY recommendation on the stock with a revised rolled forward Target Price of Rs1316, based on 35x June'19 earnings. 

Market Data provided by © Accord Fintech. © Copyright NDTV Convergence Limited 2017. All rights reserved.