Marico shares gain 0.49% as Sensex falls
Marico Ltd. traded 0.49 per cent higher in Wednesday's session at 10:35AM (IST).
The stock opened at Rs 575.55 and has touched an intraday high and low of Rs 587.0 and Rs 575.55, respectively, during the session so far. The stock quoted a 52-week high of Rs 587.0 and a 52-week low of 462.95.
About 24,074 shares changed hands on the counter so far. Benchmark Nifty50 was down 89.3 points at 19481.55, while the BSE Sensex traded 354.26 points lower at 65492.24 at the time of writing of this report.
In the Nifty pack, 18 stocks traded the day in the green, while 32 were in the red.Key Financials 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 year-ago quarter. The company reported net profit of Rs 427.0 crore for the latest quarter.Promoter Holdings Promoters held 59.42 per cent stake in the company as of 30-Jun-2023, while FIIs held 24.96 per cent and MFs 3.29 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 513.6 on August 09, while the 50-DMA was at Rs 542.37.
If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
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