Marico shares down 1.11% as Sensex falls

economictimes.indiatimes.com:

Marico Ltd. fell 1.11 per cent to Rs 578.9 in Tuesday's session as of 10:25AM (IST) even as the equity benchmark Sensex traded 100.66 points lower at 67026.42.
Earlier in the day, the stock witnessed a gap up start to the session.

The stock quoted a 52-week high price of Rs 591.7 and a 52-week low of Rs 462.95 on NSE. Around 11777 shares changed hands on the counter till 10:25AM (IST).
The stock opened at Rs 587.8 and has touched an intraday high and low of Rs 587.8 and Rs 576.9 during the session so far.

The scrip quoted a price-to-earnings (PE) ratio of 55.25, earnings per share (EPS) of Rs 10.5 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 59.42 per cent stake in the company as of September 12, while FII and MF ownerships stood at 24.96 per cent and 3.29 per cent, respectively.
Key Financials With a market capitalisation of Rs 75023.69 crore, the company operates in the Personal Care industry. For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 2523.0 crore, up 9.32 per cent from the previous quarter?s Rs 2308.0 crore and up 2.02 per cent from the same quarter a year ago.

The company reported net profit of Rs 427.0 crore for the latest quarter, up 15.09 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 57.36. 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