Marico shares down 0.62% as Nifty drops
A total of 13,439 shares changed hands on the counter till 11:36AM (IST).
NEW DELHI: Shares of traded 0.62 per cent down in Friday's trade at 11:36AM (IST). Around 13,439 shares changed hands on the counter.The stock opened at Rs 502.45 and touched an intraday high and low of Rs 507.3 and Rs 502.05, respectively, in the session so far. The stock of quoted a 52-week high of Rs 595.0 and a 52-week low of Rs 462.95.
As per , the total market cap of the . stood at Rs 65087.22 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 2465.0 crore for the quarter ended 31-Dec-2023, down 1.95 per cent from previous quarter's Rs 2514.0 crore and down 1.79 per cent from the year-ago quarter's Rs 2510.0 crore.
The net profit for latest quarter stood at Rs 383.0 crore, up 16.77 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 3.08 per cent stake in the company, while foreign institutional investors held 25.69 per cent and the promoters 59.36 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 44.43 and a price-to-book ratio of 16.29. 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
