Hold Emami; target Rs 730-750: Thununguntla

Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited is of the view that one can hold Emami with a target of Rs 730-750.

Thununguntla told CNBC-TV18, “One can hold Emami with a target of Rs 730-750. We are holding a positive outlook on the stock and the results have been good so at least a target of Rs 730-750 is appearing to be likely on the stock.” Emami closed at Rs 680.10, up Rs 15.35, or 2.31 percent. It has touched an intraday high of Rs 699.30 and an intraday low of Rs 673. There were pending buy orders of 475 shares, with no sellers available. It was trading with volumes of 133,799 shares