Emami Ltd is happy high over higher sales in Q1
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Shares of Emami said its first quarter Net Profit rose 24% to 87.8 crore rupees compared with 70.8 crore rupees in the same quarter a year ago. Sales during April-June rose 22 percent to 590 crore rupees from 481.7 crore rupees in the year ago period.
Emami rose 2.6%, or 35 rupees, to 1,365 rupees, a record high on the National Stock Exchange, where 3.10 lakh shares were traded by 12:35 pm compared with the 5-day average of 2.07 lakh shares.
Emami's market capitalisation has jumped 150% in the past one year to 30,560 crore rupees as investors bought into its acquisitive management and sought the relatively safety and predictability of sales and revenues of
Image Credit: Indiatimes.com
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