Marico shares gain 0.65% as Sensex rises
Marico Ltd. traded 0.65 per cent higher in Tuesday's session at 12:52PM (IST).
The stock opened at Rs 521.15 and has touched an intraday high and low of Rs 533.85 and Rs 521.15, respectively, during the session so far. The stock quoted a 52-week high of Rs 559.0 and a 52-week low of 462.95.
About 15,136 shares changed hands on the counter so far. Benchmark Nifty50 was up 127.55 points at 19483.45, while the BSE Sensex traded 431.83 points higher at 65776.0 at the time of writing of this report.
In the Nifty pack, 42 stocks traded the day in the green, while 8 were in the red.Key Financials For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 2308.0 crore, down 8.05 per cent from the previous quarter's Rs 2510.0 crore and down 5.63 per cent from the year-ago quarter. The company reported net profit of Rs 302.0 crore for the latest quarter.Promoter Holdings Promoters held 59.42 per cent stake in the company as of 31-Mar-2023, while FIIs held 24.97 per cent and MFs 3.17 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 510.91 on July 11, while the 50-DMA was at Rs 532.33.
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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