Marico shares up 0.66% as Nifty drops

Marico shares up 0.66% as Nifty drops
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Synopsis

A total of 32,039 shares changed hands on the counter till 01:36PM (IST).

Reuters
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NEW DELHI: Shares of Ltd. traded 0.66 per cent up in Tuesday's trade at 01:36PM (IST). Around 32,039 shares changed hands on the counter.

The scrip opened at Rs 561.85 and touched an intraday high and low of Rs 566.45 and Rs 554.0, respectively, in the session so far. The stock of Marico Ltd. quoted a 52-week high of Rs 606.0 and a 52-week low of Rs 362.05.

Total market cap of the Marico Ltd. stood at Rs 73104.6 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 2444.0 crore for the quarter ended 30-Sep-2021, down 4.23 per cent from previous quarter's Rs 2552.0 crore and down 21.23 per cent from the year-ago quarter's Rs 2016.0 crore.

The net profit for latest quarter stood at Rs 309.0 crore, up 17.05 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2021, DIIs held 2.73 per cent stake in the firm, while foreign institutional investors held 25.92 per cent and the promoters 59.52 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 61.38 and a price-to-book ratio of 16.38. 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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