Share price of Marico falls as Sensex drops 231.47 points
Marico Ltd. dropped 1.6 per cent to Rs 549.5 at 12:38PM (IST) in Friday's trade.
The stock hit a high of Rs 558.5 and low of Rs 548.0 so far during the session. The stock had closed at Rs 558.4 in the previous session.
The counter had a total traded volume of 12:38PM shares so far with a turnover of Rs 4084.0 crore on BSE. The stock traded at a price-to-earnings multiple of 52.23 and a price-to-book ratio of 16.29.
A higher price-to-earnings ratio shows 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 is the measure of the price that investors are ready to pay even for no growth in the business.Marico Ltd.
belongs to the Personal Care industry.Promotor/FII Holding Promoters held 59.42 per cent stake in the company as of 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 24.96 per cent and 10.2 per cent, respectively.Key Financials The company reported consolidated net sales of Rs 2523.0 crore for the quarter ended 30-Jun-2023, up 9.32 per cent from the previous quarter's Rs 2308.0 crore and up 2.02 per cent from the year-ago quarter's Rs 2575.0 crore. Its profit for the latest quarter stood at Rs 427.0 crore, up 15.09 per cent from the same quarter a year ago.
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