Marico shares rise 1.5 per cent in Wednesday's trading session
Marico Ltd. rose 1.5 per cent to Rs 544.5 in Wednesday's trade as of 10:25AM (IST) even as the benchmark Nifty ruled at 20898.95, up 43.85 points.
The scrip had closed at Rs 536.45 in the previous session.
The stock quoted a 52-week low of Rs 462.95 and a high of Rs 595.0. The company quoted a market-cap of Rs 70391.05 crore on the BSE.
On BSE, 20,218 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 49.92 times its trailing 12-month EPS of Rs 10.9 per share and 16.29 times its book value. The return on equity (ROE) stood at Rs 34.66.
Key Financials For the quarter ended 30-Sep-2023, Marico Ltd.
reported consolidated sales of Rs 2514.0 crore, down 0.04 per cent from the same quarter a year ago. The company reported 17.28 per cent YoY growth in net profit at Rs 353.0 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Wednesday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
