Shares of Marico rise as Nifty gains
Marico Ltd. gained 0.74 per cent to Rs 566.55 in Wednesday's trade as of 12:13PM (IST).
It hit a high of Rs 566.65 and low of Rs 562.5 during the session.
The stock quoted a 52-week high price of Rs 587.0 and a low of Rs 462.95. The return on equity for the stock stood at 34.66 per cent.
About 7,469 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 7.75 per cent in the past one year in comparison with a 9.69 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 462.95 on August 30, while the 50-DMA was at Rs 547.62. 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 59.39 per cent stake in Marico Ltd. as of 30-Jun-2023.
