Marico shares drop 1.6% as Sensex falls
A total of 13,597 shares changed hands on the counter till 01:08PM (IST)
Shares of traded 1.6 per cent down at Rs 590.2 at 01:08PM (IST) on Wednesday, even as benchmark dropped 133.41 points to 72971.2. The scrip had settled at Rs 599.85 in the previous session.The stock quoted a 52-week high and 52-week low of Rs 612.65 and Rs 486.75, respectively.
As per BSE data, total traded volume on the counter till 01:08PM (IST) stood at 01:08PM shares with turnover at Rs 0.81 crore.
At the prevailing price, shares of the company trades at 45.04 times its trailing 12-month earnings per share of Rs 11.44 per share and 16.73 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.8.
Shareholding Details
Promoters held 59.35 per cent stake in the company as of 31-Mar-2024, while FIIs owned 25.55 per cent and DIIs 9.78 per cent.
Source: Stocks-Markets-Economic Times
