Buy Emami; target of Rs 845: Anand Rathi

3546 Investors following Emami. Share this News with them.

0

Like this story, share it with millions of investors on M3

Buy Emami; target of Rs 845: Anand Rathi

Anand Rathi Securities is bullish on Emami and has recommended buy rating on the stock with a target of Rs 845 in its June 14, 2010 research report.

Post your opinion here

 

0

Tweet

Share on Tumblr

ALSO READ See previous views by Anand Rathi Securities See what other Experts & Brokerages are saying about Emami See messages about Emami Emami BSE | NSE 01/06/12 Are Mutual Funds betting on Emami?

Anand Rathi Securities is bullish on Emami and has recommended buy rating on the stock with a target of Rs 845 in its June 14, 2010 research report.

"Given that its top brands are doing well and with lower raw material prices and adspend, we expect Emami to report a 29% CAGR in earnings over FY10-12. We retain our Buy rating, with a target of Rs 845, at a target PE of 21x FY12e earnings. Our target PE is at a 10% discount to domestic consumer peer Dabur," says Anand Rathi Securities research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.       

To read the full report click on the attachment