Marico shares up 0.15% as Nifty drops
Marico Ltd. traded 0.15 per cent up in Tuesday's trade at 11:37AM (IST). Around 21,773 shares changed hands on the counter.
The scrip opened at Rs 561.05 and touched an intraday high and low of Rs 566.4 and Rs 560.0, respectively, in the session so far. Shares of the company of Marico Ltd. quoted a 52-week high of Rs 566.4 and a 52-week low of Rs 462.95.
As per BSE, the total market cap of the Marico Ltd. stood at Rs 72805.89 crore at the time of writing this report.Key Financials The company reported consolidated sales of Rs 2523.0 crore for the quarter ended 30-Jun-2023, up 9.32 per cent from previous quarter's Rs 2308.0 crore and up 2.02 per cent from the year-ago quarter's Rs 2575.0 crore. The net profit for latest quarter stood at Rs 427.0 crore, up 15.09 per cent from the corresponding quarter last year.Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 3.29 per cent stake in the company, while foreign institutional investors held 24.96 per cent and the promoters 59.39 per cent.Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 53.61 and a price-to-book ratio of 16.29.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business. Marico Ltd.
Read more on economictimes.indiatimes.com
