BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Credit Suisse maintains outperform on Emami
Expect Emami to see a strong pickup in volume growth in FY2017. Pickup in Kesh King will lead to positive earnings. Sustained momentum in OTC products will continue. Expect Emami to deliver a 22 per cent earnings CAGR over FY16-18. Current valuation at 26 times FY18 estimated earnings is now cheapest in Indian mid-cap space.