Motilal Oswal has given Buy on the stock with a revised price target (PT) of Rs. 5 recommendation for Emami with a target price of Rs. lal Oswal is bullish on Emami has recommended buy on the stock with a revised price target (PT) of Rs. 590 in its research report issued on Feb 03, 2022
While EBITDA margin surprised positively leading to an in-line EBITDA, inconsistency of earnings growth despite being much smaller than peers continues to be a persistent problem for HMN since several years. Inexpensive valuation and some signs of promise on topline growth in the last two years lead us to maintain our BUY rating with a TP of INR 590.