Marico shares gain 1.15% as Sensex rises
The stock quoted a 52-week high of Rs 595.0 and a 52-week low of Rs 462.95.
Shares of traded 1.15 per cent higher in Wednesday's session at 10:20AM (IST). The stock opened at Rs 507.55 and has touched an intraday high and low of Rs 508.95 and Rs 504.0, respectively, during the session so far.The stock quoted a 52-week high of Rs 595.0 and a 52-week low of 462.95. About 5,141 shares changed hands on the counter so far.
Benchmark Nifty50 was down 19.25 points at 22316.45, while the BSE traded 66.9 points higher at 73734.86 at the time of writing of this report.
In the pack, 15 stocks traded the day in the green, while 35 were in the red.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 2465.0 crore, down 1.95 per cent from the previous quarter's Rs 2514.0 crore and down 1.79 per cent from the year-ago quarter. The company reported net profit of Rs 383.0 crore for the latest quarter.
Promoter Holdings
Promoters held 59.39 per cent stake in the company as of 31-Dec-2023, while FIIs held 25.69 per cent and MFs 3.08 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 541.3 on March 13, while the 50-DMA was at Rs 526.06. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
