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Emami Shares Gains On FTSE Mid cap Segment Inclusion
Shares in Emami surged as much as six per cent after a solid rally on Wednesday as FTSE upgraded the shares to the midcap segment of the FTSE global equity index series. The stock was last trading at Rs 1255 on the National Stock Exchange.
FMCG stocks have been the darling of the markets for sometime now and command heavy price to earnings multiples. Most of the brokerages currently have a buy call in the shares of Emami.
GoodReturns.in
Story first published: Thursday, September 3, 2015, 12:58 [IST]
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