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Emami rises on acquiring 30% stake in ‘Cannis Lupus Services India’

22 Jul 2022 Evaluate

Emami is currently trading at Rs. 476.55, up by 5.50 points or 1.17% from its previous closing of Rs. 471.05 on the BSE.

The scrip opened at Rs. 475.50 and has touched a high and low of Rs. 478.80 and Rs. 472.45 respectively. So far 779 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 621.35 on 24-Aug-2021 and a 52 week low of Rs. 393.60 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 478.80 and Rs. 461.45 respectively. The current market cap of the company is Rs. 20780.37 crore.

The promoters holding in the company stood at 54.27%, while Institutions and Non-Institutions held 37.94% and 7.80% respectively.

Emami has acquired 30% stake in a pet-care start-up ‘Cannis Lupus Services India’. With increasing awareness of the overall health benefits that natural products offer, consumers are more inclined towards use of such natural and ayurvedic products.

Chemical free products which are good for humans are also good for pets. This preference for 'wellness products' gets naturally extended to the house pets who are an integral part of a family. The extensive knowledge and experience of pet care and pet training acquired by Cannis Lupus over the years would be helpful in developing and scaling up the business soon. Cannis Lupus under the brand ‘Fur Ball Story’ would thus be focusing on the fast-growing pet care segment with its Ayurvedic range of solutions for common and recurrent ailments in pets, especially dogs.

Emami is the flagship company of the Emami Group and engaged in manufacturing products under various categories namely Hair Care, Skin Creams and Lotions, Talcum Powder and ayurvedic health care products.

Emami Share Price

451.45 25.50 (5.99%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindustan Unilever 2241.10
Godrej Consumer Prod 1108.20
Dabur India 442.10
Colgate Palmol. (I) 2106.20
P&G Hygiene 10006.55
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