Share price of Marico jumps as Sensex drops 268.54 points

economictimes.indiatimes.com:

Marico Ltd. gained 1.78 per cent to Rs 564.35 at 11:57AM (IST) in Friday's trade. The stock has hit a high of Rs 564.35 and low of Rs 553.25 so far during the session.

The stock had closed at Rs 554.5 in the previous session. The counter has had a total traded volume of 65303 shares so far with a value of Rs 365.0 crore on the NSE. It traded at a price-to-earnings multiple of 55.07 and a price-to-book ratio of 16.29.

A higher P/E 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 reflects the price investors are willing to pay even for no growth in the business. The scrip gained 9.53 per cent during the past one year, while the 30-share index advanced 19.41 per cent during the same period.Marico Ltd.