Marico shares down 2.35% as Sensex rises
Marico Ltd. fell 2.35 per cent to Rs 506.3 in Wednesday's session as of 01:54PM (IST) even as the equity benchmark Sensex traded 122.18 points higher at 73799.31.
Earlier in the day, the stock witnessed a gap down 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 NSE. Around 153449 shares changed hands on the counter till 01:54PM (IST).
The stock opened at Rs 512.0 and has touched an intraday high and low of Rs 512.5 and Rs 504.0 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 44.67, 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 March 06, 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 65443.03 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 33.87. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when
