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    Share price of Marico rises as Nifty

    Synopsis

    A total of 23,474 shares changed hands on the counter till 11:59AM (IST).

    A broker watches a TV news channel as another monitors share prices at a brokerage firm in MumbaiReuters
    On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
    Shares of Marico Ltd. gained 0.08 per cent to Rs 473.7 in Monday's trade as of 11:59AM (IST).

    The stock hit a high price of Rs 475.0 and low of Rs 471.0 during the session.

    The return on equity (ROE) for the stock stood at 36.88 per cent. Traded volume on the counter stood at 11:59AM shares and turnover at Rs 1.11 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 462.95, 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 59.42 per cent stake in the company as of 31-Mar-2023, while foreign investors held 24.97 per cent and domestic institutional investors had 9.87 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.
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