Marico declines 0.64% as Sensex slides

Marico declines 0.64% as Sensex slides
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Synopsis

The stock traded at a P/E multiple of 47.19, while the price-to-book value ratio stood at 11.73.

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Analysts said Nifty faced stiff resistance near 9,500 on Friday and remained mostly rangebound between 9,000 and 9,500 levels.

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Shares of Ltd. traded at Rs 418.95 on BSE at 11:33AM (IST) on Thursday, down 0.64 per cent from previous close.

The stock quoted a 52-week low price of Rs 277.45 and a high of Rs 439.0.

Earlier, the stock saw a gap down opening in the morning.

A total of 25,262 lakh shares changed hands on the counter till 11:33AM (IST).

The stock of Marico Ltd. commanded a market value of Rs 54078.58 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 47.19, while the price-to-book value ratio stood at 11.73. Return on equity (ROE) was at 34.05 per cent, according to exchange data.

In the BSE500 pack, 93 stocks traded in the green, while 407 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 0.8.

Promotor/FII Holding
Promoters held 59.47 per cent in Marico Ltd. as of 31-Dec-2020 while overseas and domestic institutional investors owned 24.16 per cent and 2.12 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 384.4 on April 15, while the 50-DMA was at 408.03. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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