Marico shares drop 0.47% as Sensex falls
Marico Ltd. traded 0.47 per cent down at Rs 685.75 at 01:17PM (IST) on Tuesday, even as BSE benchmark Sensex dropped 256.91 points to 81716.14.
The stock had settled at Rs 689.0 in the previous session. The stock quoted a 52-week high price of Rs 719.8 and 52-week low of Rs 486.75, respectively. As per BSE data, total traded volume on the counter till 01:17PM (IST) stood at 4462 shares with a turnover of Rs 0.31 crore.
At the current price, the stock traded at 58.43 times its trailing 12-month earnings per share of Rs 11.73 per share and 16.73 times its price-to-book value, exchange 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 reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.8.
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