Share price of Marico rises as Nifty weakens

Share price of Marico rises as Nifty weakens
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Synopsis

A total of 12,072 shares changed hands on the counter till 10:25AM (IST).

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India 10-year bond yield rose 0.05 per cent to 6.03 after trading in 6.02-6.04 range.
Shares of Marico Ltd. gained 2.03 per cent to Rs 540.7 in Tuesday's trade as of 10:25AM (IST).

The stock hit a high price of Rs 541.0 and low of Rs 532.2 during the session.

The return on equity (ROE) for the stock stood at 36.49 per cent. Traded volume on the counter stood at 10:25AM shares and turnover at Rs 0.65 crore around that time.

The stock of Marico Ltd. quoted a 52-week high and 52-week low prices of Rs 606.0 and Rs 399.35, respectively.

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

Promotor/FII Holding
Promoters held 59.51 per cent stake in the company as of 31-Dec-2021, while overseas investors held 25.55 per cent and domestic institutional investors had 8.58 per cent.

Key Financials
The company reported consolidated sales of Rs 2429.0 crore for the quarter ended 31-Dec-2021, down 0.61 per cent from previous quarter's Rs 2444.0 crore and down 13.19 per cent from the year-ago quarter's Rs 2146.0 crore.

Net profit after tax for the latest quarter stood at Rs 310.0 crore, up 0.98 per cent from the same quarter a year ago.

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