Street cheers Emami's plan to cut pledged shares despite tepid Q4 show

Topics Emami | Investment | Investors

Despite weaker-than-expected March 2020 quarter (fourth quarter, or Q4) results, the stock of Emami has gained nearly 12 per cent since its Q4 analysts’ call on Monday, outperforming the sub-1 per cent rise on the Nifty FMCG index over the same period. The expected decline in pledged promoter shareholding, as indicated by the company management, enthused the Street. However, investors are advised to exercise caution. According to Emami’s management, proceeds from the cement deal with Nirma Group are expected in the next fortnight and this would almost halve the pr.....

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