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    Marico shares rise 6.49 per cent in Monday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 68.11 on Monday.

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    The Dow Jones Industrial Average finished up 1,048.86 points, or 5.20 per cent, to 21,237.38 on Tuesday. The S&P500 index increased 143.06 points, or 6.00 per cent, to 2,529.19.

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    Shares of Ltd. rose 6.49 per cent to Rs 438.35 in Monday's trade as of 10:00AM (IST) even as the benchmark Nifty ruled at 14543.70, down 87.4 points.

    The scrip had closed at Rs 411.65 in the previous session. The stock quoted a 52-week low of Rs 277.45 and a high of Rs 440.0. The company quoted a market-cap of Rs 53158.42 crore on the BSE.

    On BSE, 318,344 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 46.39 times its trailing 12-month EPS of Rs 8.87 per share and 11.73 times its book value. The return on equity (ROE) stood at Rs 34.05.

    Key Financials
    For the quarter ended 31-Mar-2021, Marico Ltd. reported consolidated sales of Rs 2041.0 crore, down 33.57 per cent from the same quarter a year ago. The company reported 12.89 per cent YoY growth in net profit at Rs 219.0 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

    Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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