Marico shares down 0.54% as Nifty gains

Marico shares down 0.54% as Nifty gains
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Synopsis

A total of 120,159 shares changed hands on the counter till 01:53PM (IST).

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As long as Nifty does not close above 11,720, it can slip towards 11,600.

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NEW DELHI: Shares of Ltd. traded 0.54 per cent down in Friday's trade at 01:53PM (IST). Around 120,159 shares changed hands on the counter.

The scrip opened at Rs 481.1 and touched an intraday high and low of Rs 481.1 and Rs 468.5, respectively, in the session so far. The stock of Marico Ltd. quoted a 52-week high of Rs 481.1 and a 52-week low of Rs 294.15.

Total market cap of the Marico Ltd. stood at Rs 61048.57 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 2041.0 crore for the quarter ended 31-Mar-2021, down 4.89 per cent from previous quarter's Rs 2146.0 crore and down 33.57 per cent from the year-ago quarter's Rs 1528.0 crore.

The net profit for latest quarter stood at Rs 219.0 crore, up 12.89 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2021, DIIs held 2.0 per cent stake in the company, while foreign institutional investors held 24.04 per cent and the promoters 59.61 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 52.13 and a price-to-book ratio of 11.73. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Marico Ltd. belongs to the Personal Care industry.

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