India's Emami sees best day in nearly 4-months on block deals at premium

Emami

25/04/2024 10:03

** Shares of beauty and personal care products maker Emami
 EMAM.NS  rise as much as 5.3% to 470 rupees
    ** Stock posts sharpest intraday pct gain since Dec. 29
    ** Over 1.8 mln shares traded in five blocks at 455.85 - 460
rupees/share -LSEG data
    ** Deals at 2.1%-3.1% premium to EMAM's Weds closing price
    ** Trading vol 4.1x the 30-day daily avg
    ** Analayst avg rating on EMAM is "buy", median PT is 560
rupees - LSEG data
    ** Stock down ~17% YTD

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))