Marico shares up 0.56% as Nifty drops
A total of 25,371 shares changed hands on the counter till 10:04AM (IST).
NEW DELHI: Shares of traded 0.56 per cent up in Monday's trade at 10:04AM (IST). Around 25,371 shares changed hands on the counter.The stock opened at Rs 587.75 and touched an intraday high and low of Rs 594.0 and Rs 584.05, respectively, in the session so far. The stock of quoted a 52-week high of Rs 598.2 and a 52-week low of Rs 486.75.
As per , the total market cap of the . stood at Rs 75989.66 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 2293.0 crore for the quarter ended 31-Mar-2024, down 6.98 per cent from previous quarter's Rs 2465.0 crore and down 0.65 per cent from the year-ago quarter's Rs 2308.0 crore.
The net profit for latest quarter stood at Rs 318.0 crore, up 5.3 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, DIIs held 3.12 per cent stake in the company, while foreign institutional investors held 25.54 per cent and the promoters 59.35 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 45.04 and a price-to-book ratio of 16.73. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
. belongs to the Personal Care industry.
Source: Stocks-Markets-Economic Times
