India's Emami climbs on buying stake in Axiom Ayurveda

Emami

29/09/2023 08:54

** Shares of India's Emami  EMAM.NS  rise 7.07% after co on
Thursday acquired 26% stake in Axion Ayurveda
    ** Stake purchase conducted for an undisclosed amount; Emami
also announces foray into juice category
    ** About 2.1 mln shares change hands by 1:11 p.m. IST, 3.9x
30-day avg
    ** Avg rating of 26 analysts close to equivalent of "buy;"
median PT 540 rupees, a 5.3% upside to last close  - LSEG data
    ** Stock last up 4.5%, taking YTD gains to 26.2%

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))