Marico shares up 0.93% as Nifty gains
Marico Ltd. rose 0.93 per cent to Rs 650.8 in Friday's trade. It hit an intraday high of Rs 651.0 and low of Rs 636.75, respectively, during the day.
The stock quoted a 52-week high price of Rs 666.85 and low of Rs 486.75.
As of 02:05PM (IST), the counter saw total traded volume of 48,672 shares with a traded value of Rs 3.12 crore, according to NSE.
The stock had closed at Rs 644.8 in the previous session.
The scrip has advanced 11.95 per cent in the past one month till date, while the benchmark BSE Sensex has gained 11.41 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 56.7 while price-to-book ratio stood at 16.73. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the Personal Care industry.
Promoter/FII Holding Promoters held 59.35 per cent stake in the company as of 31-Mar-2024, while FII and MF ownership in the firm stood at 25.54 per cent and 3.12 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 2293.0 crore for the quarter ended 31-Mar-2024, down 6.98 per cent from the previous quarter's Rs 2465.0 crore and down 0.65 per cent from the year-ago quarter's Rs 2308.0 crore. Its net profit for the latest quarter stood
