Marico shares up 0.39% as Sensex falls
A total of 8,530 shares changed hands on the counter till 11:42AM (IST)
Shares of gained 0.39 per cent to Rs 497.9 in Tuesday's session as of 11:42AM (IST) even as the equity benchmark traded 156.43 points lower at 73858.12.Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 595.0 and a 52-week low of Rs 462.95 on . Around 8530 shares changed hands on the counter till 11:42AM (IST).
The stock opened at Rs 497.65 and has touched an intraday high and low of Rs 499.0 and Rs 496.3 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 43.98, earnings per share (EPS) of Rs 11.32 and price to book value (PB) of 16.29, while the return on equity (ROE) stood at Rs 34.66.
Promoter/ FII Holding
The promoters held 59.39 per cent stake in the company as of April 02, while FII and MF ownerships stood at 25.69 per cent and 3.08 per cent, respectively.
Key Financials
With a market capitalisation of Rs 64433.83 crore, the company operates in the Personal Care industry. 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 same quarter a year ago. The company reported net profit of Rs 383.0 crore for the latest quarter, up 16.77 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 42.09. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
