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Motilal Oswal has buy call on Marico with a target price of Rs 440. The current market price of Marico Ltd. is Rs 417.0.
Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 53579.62 Crore) operating in FMCG sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1989.00 Crore, up 3.32 % from last quarter Sales of Rs 1925.00 Crore and up 8.75 % from last year same quarter Sales of Rs 1829.00 Crore Company reported net profit after tax of Rs 273.00 Crore in latest quarter.
Investment Rationale
Breakout from its consolidation on daily and weekly scale and surpassed earlier resistance of 404 zones.
Promoter/FII Holdings
Promoters held 59.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 23.7 per cent, DIIs 10.4 per cent and public and other 6.2 per cent.
Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 53579.62 Crore) operating in FMCG sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1989.00 Crore, up 3.32 % from last quarter Sales of Rs 1925.00 Crore and up 8.75 % from last year same quarter Sales of Rs 1829.00 Crore Company reported net profit after tax of Rs 273.00 Crore in latest quarter.
Investment Rationale
Breakout from its consolidation on daily and weekly scale and surpassed earlier resistance of 404 zones.
Promoter/FII Holdings
Promoters held 59.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 23.7 per cent, DIIs 10.4 per cent and public and other 6.2 per cent.
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