Marico shares gain 0.67% as Sensex rises

Marico shares gain 0.67% as Sensex rises
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

The stock quoted a 52-week high of Rs 552.9 and a 52-week low of Rs 333.3.

Analysts see 15,900 to continue to pose as the immediate resistance.
Shares of Ltd. traded 0.67 per cent higher in Monday's session at 11:27AM (IST). The stock opened at Rs 515.5 and has touched an intraday high and low of Rs 519.0 and Rs 512.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 552.9 and a 52-week low of 333.3. About 13,505 shares changed hands on the counter so far.

Benchmark Nifty50 was up 42.4 points at 16571.50, while the BSE Sensex traded 194.24 points higher at 55631.53 at the time of writing of this report.

Did you Know?

Stock score of Marico Ltd moved down by 2 in a month on a 10-point scale.

View Latest Stock Report »

In the Nifty pack, 23 stocks traded the day in the green, while 27 were in the red.


Key Financials
For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 2552.0 crore, up 25.04 per cent from the previous quarter's Rs 2041.0 crore and up 31.28 per cent from the year-ago quarter. The company reported net profit of Rs 356.0 crore for the latest quarter.

Promoter Holdings
Promoters held 59.61 per cent stake in the company as of 30-Jun-2021, while FIIs held 24.98 per cent and MFs 1.81 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 440.0 on August 16, while the 50-DMA was at Rs 521.9. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.

Read More News on

(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.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Read before you invest. Insights on Marico Ltd.. Explore Now