Marico shares up 1.99% as Sensex falls

The stock opened at Rs 583.5 and has touched an intraday high and low of Rs 596.45 and Rs 575.0 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 45.04, earnings per share (EPS) of Rs 11.44 and price to book value (PB) of 16.73, while the return on equity (ROE) stood at Rs 38.64.

Promoter/ FII Holding
The promoters held 59.35 per cent stake in the company as of May 08, while FII and MF ownerships stood at 25.55 per cent and 3.12 per cent, respectively.

Key Financials
With a market capitalisation of Rs 75491.43 crore, the company operates in the Personal Care industry. For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 2293.0 crore, down 6.98 per cent from the previous quarter?s Rs 2465.0 crore and down 0.65 per cent from the same quarter a year ago. The company reported net profit of Rs 318.0 crore for the latest quarter, up 5.3 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 85.75. 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.