Goldman Sachs reiterated its 'buy' rating on Emami, setting a price target of ₹825 per share and forecasting a 61% upside.
Emami share price: The stock soared 18.66 per cent to hit a 52-week high of Rs 619. Today's strong uptick in the share price came after the homegrown FMCG major reported a 3.62 per cent rise in its Q4 profit after tax (PAT).
Adani stock: Axis Securities said one can buy Adani Ports in the range of Rs 1,400-1,372 with a stop loss of Rs 1,308 for 11-14 per cent upside.
For Wednesday, analysts from a domestic brokerage have assigned 'Buy' calls on Manappuram Finance, Biocon and Emami.
On the stock-specific front, Bajaj Finance, Emami, Nykaa, DB Corp, Marico, Adani Energy Solutions and some other counters will be in focus today.
Protean eGov Technologies IPO to open, Max Healthcare, Bikaji Q2 results in Top News on November 6: Colgate-Palmolive (India) among ex-dividend stocks, share markets, Bank Nifty outlook also in focus.
Vishnu Prakash R Punglia shares listing, IRCON, Kajaria Ceramics ex-dividend stocks in Top News on Sept 5: Bank Nifty outlook, Garena Free Fire India launch, National Teachers' Award also in focus.
Shares of Emami rose 3.70% intraday to Rs 543.40 against the previous close of Rs 524 on BSE. The stock opened higher at Rs 542 on BSE.
Stocks to watch today: Indian share markets could witness a range-bound trend with a mixed bias ahead of the RBI's monetary policy announcement later this week. Adani Ports, Coal India, Happiest Minds, Star Health, Tech Mahindra, Emami among stocks in focus on Tuesday (August 8).
The total value of pledged or encumbered shares has more than doubled in the past three years amid the ongoing uncertainty Pledge in the domestic equity markets. In India, promoters are majority shareholders of entities that manage the day-to-day affairs of their companies. When promoters need money, they sometimes pledge or encumber some or all of their shareholding with lenders as collateral. This is one of the many sources of borrowing money, especially when liquidity conditions are tight and the markets are volatile. BT Magazine's The Point decodes it.
Shares of Emami gained 8 per cent to Rs 415.8 against the previous close of Rs 385 on BSE. The stock opened higher at Rs 389 on BSE.
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