Buy Emami for target of 555: Gajendra Nagpal
This company has a very strong case to give good returns to the investing community
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| In a chat with ET Now, Gajendra Nagpal, CEO, Unicon Financial Solutions, share his views on Emami stock.
You have a buy call on Emami with a target of 555. Why do you expect a further uptick in this stock?
The reasons are not too far fledged. We all have been talking about a great FMCG playing out over next few quarters going by the economy that we are seeing. Zandu Balm is an iconic brand plus company is looking at few local and overseas acquisitions.
They have earmarked close to 800 to 1000 crores for local acquisitions and close to 1500 crores for overseas acquisitions. The growth that this company is envisaging, the liquidity this company is sitting on and macroeconomic environment that looks very good for FMCG companies as such.
This company has a very strong case to give good returns to the investing community. So I would give a time span of close to 9 months to 1 year for the price target of 555.
You have a buy call on Emami with a target of 555. Why do you expect a further uptick in this stock?
The reasons are not too far fledged. We all have been talking about a great FMCG playing out over next few quarters going by the economy that we are seeing. Zandu Balm is an iconic brand plus company is looking at few local and overseas acquisitions.
They have earmarked close to 800 to 1000 crores for local acquisitions and close to 1500 crores for overseas acquisitions. The growth that this company is envisaging, the liquidity this company is sitting on and macroeconomic environment that looks very good for FMCG companies as such.
This company has a very strong case to give good returns to the investing community. So I would give a time span of close to 9 months to 1 year for the price target of 555.
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