Buy Emami, says Regan F Homavazir

Regan F Homavazir, Associate VP - Technical Research at Darashaw told CNBC-TV18, "Emami is a stock that we believe that investors should get in because it has been not doing any uptick since the last three months. So we have been telling a lot of people that invest into the stock because the downsides here are limited. We are talking about a maximum downside of Rs 400 so as soon as you come closer to that value. We expect investors to get in and the target does remain at Rs 700 plus."

The share touched its 52-week high Rs 539.40 and 52-week low Rs 369.24 on 12 July, 2013 and 24 January, 2013, respectively.