Marico shares gain 3.13% as Sensex falls

economictimes.indiatimes.com:

Marico Ltd. traded 3.13 per cent higher in Friday's session at 09:59AM (IST). The stock opened at Rs 650.9 and has touched an intraday high and low of Rs 673.2 and Rs 648.9, respectively, during the session so far.
The stock quoted a 52-week high of Rs 692.7 and a 52-week low of 486.75. About 56,167 shares changed hands on the counter so far.

Benchmark Nifty50 was down 154.3 points at 24990.8, while the BSE Sensex traded 557.05 points lower at 81644.11 at the time of writing of this report.
In the Nifty pack, 12 stocks traded the day in the green, while 38 were in the red.

Key Financials For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 2680.0 crore, up 16.88 per cent from the previous quarter's Rs 2293.0 crore and up 6.22 per cent from the year-ago quarter. The company reported net profit of Rs 464.0 crore for the latest quarter.
Promoter Holdings Promoters held 59.28 per cent stake in the company as of 30-Jun-2024, while FIIs held 24.61 per cent and MFs 5.04 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 571.32 on September 06, while the 50-DMA was at Rs 654.54. 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.