Share price of Marico jumps as Sensex gains 642.39 points

Share price of Marico jumps as Sensex gains 642.39 points
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Synopsis

Promoters held 59.44 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 25.92 per cent and 2.73 per cent, respectively.

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Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
The share price of Ltd. gained 0.84 per cent to Rs 516.65 at 12:27PM (IST) in Monday's trade. The counter has hit a high of Rs 517.65 and low of Rs 513.85 so far during the session. The stock had closed at Rs 512.35 in the previous session.

The counter has had a total traded volume of 5277 shares so far with a value of Rs 0.27 crore on the NSE. It traded at a price-to-earnings multiple of 55.58 and a price-to-book ratio of 16.38.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 27.0 per cent during the past one year, while the 30-share index advanced 29.29 per cent during the same period.

Marico Ltd. belongs to the Personal Care industry.

Promotor/FII Holding
Promoters held 59.44 per cent stake in the company as of 30-Sep-2021, while overseas investors and domestic institutional investors ownership stood at 25.92 per cent and 2.73 per cent, respectively.

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 the previous quarter's Rs 2552.0 crore and down 21.23 per cent from the year-ago quarter's Rs 2016.0 crore.

Profit for the latest quarter stood at Rs 309.0 crore, up 17.05 per cent from the same quarter a year ago.

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