Marico shares up 1.1% as Nifty gains
Marico Ltd. rose 1.1 per cent to Rs 540.65 in Monday's trade. It hit an intraday high of Rs 542.25 and low of Rs 531.85, respectively, during the day.
The stock quoted a 52-week high price of Rs 595.0 and low of Rs 462.95.
As of 11:32AM (IST), the counter saw total traded volume of 11,446 shares with a traded value of Rs 0.62 crore, according to NSE.
The stock had closed at Rs 534.75 in the previous session.
The scrip has advanced 2.03 per cent in the past one month till date, while the benchmark BSE Sensex has gained 8.72 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 49.65 while price-to-book ratio stood at 16.29. 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 59.37 per cent stake in the company as of 30-Sep-2023, while FII and MF ownership in the firm stood at 25.91 per cent and 2.99 per cent, respectively.
