Marico shares gain 0.71% as Sensex rises
Marico Ltd. traded 0.71 per cent up at Rs 680.6 at 10:30AM (IST) on Tuesday, even as BSE benchmark Sensex gained 17.78 points to 81577.32.
The stock had settled at Rs 675.75 in the previous session. The stock quoted a 52-week high price of Rs 692.7 and 52-week low of Rs 486.75, respectively. As per BSE data, total traded volume on the counter till 10:30AM (IST) stood at 19146 shares with a turnover of Rs 1.3 crore.
At the current price, shares of the company traded at 58.05 times its trailing 12-month EPS of Rs 11.73 per share and 16.73 times its price-to-book value, BSE 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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