Marico shares drop 0.65% as Sensex falls

Marico shares drop 0.65% as Sensex falls
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Synopsis

A total of 43,095 shares changed hands on the counter till 10:35AM (IST)

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MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
Shares of Marico Ltd. traded 0.65 per cent down at Rs 504.05 at 10:35AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 896.23 points to 56787.36. The scrip had settled at Rs 507.35 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 606.0 and Rs 379.05, respectively.

As per BSE data, total traded volume on the counter till 10:35AM (IST) stood at 10:35AM shares with turnover at Rs 2.17 crore.

At the prevailing price, the stock trades at 56.05 times its trailing 12-month earnings per share of Rs 8.99 per share and 16.38 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.8.

Shareholding Details
Promoters held 59.51 per cent stake in the company as of 31-Dec-2021, while FIIs owned 25.55 per cent and DIIs 8.58 per cent.

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