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    Marico share price down 1.54 per cent

    Synopsis

    A total of 7,035 shares changed hands on the counter till 01:53PM (IST).

    marketsAgencies
    India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range.
    Shares of Marico Ltd. traded 1.54 per cent up at Rs 524.45 at around 01:53PM (IST) on Friday. The stock had closed at Rs 532.65 in the previous session. Equity benchmark Sensex traded 70.03 points higher at 61501.77 around the same time.


    The scrip has climbed 2.65 per cent in the last one year till date, while the 30-share index has gained 13.45 per cent during the same period.

    The stock's 52-week high price stood at Rs 554.05 and the 52-week low price at Rs 462.95.

    Trading volume on the counter stood at 7,035 shares, while it quoted a price-to-earnings ratio of 52.03, an EPS value of 10.07 and a price-to-book value of 16.29. In the Nifty50 pack, 17 stocks traded in the green, while 33 stocks were in the red.

    Promoter/FII Holding
    Promoters held 59.42 per cent stake in the company as of 31-Mar-2023, while overseas investor and MF ownership stood at 24.97 per cent and 3.17 per cent, respectively.

    Key Financials
    For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 2308.0 crore, down 8.05 per cent from the previous quarter's Rs 2510.0 crore and down 5.63 per cent from the year-ago quarter's Rs 2185.0 crore. The company reported net profit of Rs 302.0 crore for the latest quarter.

    Technical Indicators
    The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
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