The global investment bank expects Emami’s growth to recover from H2FY23 after a very high base. Margin pressures will persist in the near term, it said. It marginally lowered FY23/24/25 EPS by 2-3 per cent. Emami trades at 26x FY24 earnings ~40 per cent discount to the peers, said the note.
Vijay Kedia slashes stakes in these 5 stocks during March quarter
Vijay Kedia publicly holds 17 stocks with a net worth of over Rs 1,664 crore, as per the latest corporate shareholding data.