Emami loses Rs2.8 billion (US$39.3 million) in MCap, steepest heavyweight fall in Personal products sector
Emami Limited (NSE:EMAMILTD), India's 8th largest Personal products company by market cap, has decreased Rs6.15 (2.0%) from its previous trading session to close at Rs301.65. Compared with the BSE SENSEX Index which rose 7.6 points (0.02%) in the day, the relative price change was -2.0%. The volume was 0.2 times the average daily trading volume of 1.1 million shares. It posted the steepest fall in MCap with the most influence on the Personal products sector. There were 210,409 shares worth Rs64 million (US$899,920) traded today. Today the stock traded between its four-day high of Rs310.0 and nine-day low of Rs299.20.
Technical indicators complementing today's significant downtrend:
+ The negative 3.52 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
+ In the last one month the stock has hit a new 52-week low thrice, pointing to a significant uptrend.
+ The price dropped 2.7% in the last week and sank 5.8% in the last month.