Share price of Marico rises as Nifty strengthens

Shares of Marico Ltd. gained 1.09 per cent to Rs 490.85 in Thursday's trade as of 11:28AM (IST).

The stock hit a high price of Rs 490.95 and low of Rs 481.55 during the session.

The return on equity (ROE) for the stock stood at 36.88 per cent. Traded volume on the counter stood at 11:28AM shares and turnover at Rs 0.22 crore around that time.

The stock of Marico Ltd. quoted a 52-week high and 52-week low prices of Rs 554.05 and Rs 468.65, 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 59.48 per cent stake in the company as of 31-Dec-2022, while overseas investors held 25.07 per cent and domestic institutional investors had 9.66 per cent.

Key Financials
The company reported consolidated sales of Rs 2510.0 crore for the quarter ended 31-Dec-2022, down 0.2 per cent from previous quarter's Rs 2515.0 crore and down 3.33 per cent from the year-ago quarter's Rs 2429.0 crore.

Net profit after tax for the latest quarter stood at Rs 328.0 crore, up 5.81 per cent from the same quarter a year ago.