Marico shares fall 0.96% as Nifty gains

Shares of Marico Ltd. traded 0.96 per cent down at Rs 500.5 on Wednesday at around 02:00PM (IST), while the benchmark BSE Sensex advanced 142.08 points to 57442.76.

As many as 14,346 shares changed hands on the counter with a total value of Rs 0.72 crore.

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

On the technical charts, the 200-DMA of the stock stood at Rs 523.4, while 50-DMA was at Rs 499.14. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 18.77 per cent in the past one year, while Sensex has risen 10.26 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 55.71 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Personal Care industry.