Shares of Marico fall as Nifty drops

economictimes.indiatimes.com:

Marico Ltd. slipped 0.88 per cent to Rs 668.95 in Friday's trade as of 11:31AM (IST). It hit a high of Rs 677.0 and low of Rs 666.3 during the session.
The stock quoted a 52-week high price of Rs 690.95 and a low of Rs 486.75. The return on equity for the stock stood at 38.64 per cent. About 12,724 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.8.
The scrip has been an underperformer, up 16.68 per cent in the past one year in comparison with a 21.76 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 486.75 on August 02, while the 50-DMA was at Rs 635.19. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding Promoters held 59.28 per cent stake in Marico Ltd. as of 30-Jun-2024. Mutual funds and foreign institutional investors held 5.04 per cent and 24.61 per cent stake.