Marico shares up 0.58% as Nifty gains

Shares of Marico Ltd. rose 0.58 per cent to Rs 558.65 in Tuesday's trade. It hit an intraday high of Rs 560.15 and low of Rs 554.35, respectively, during the day.

The stock quoted a 52-week high price of Rs 587.0 and low of Rs 462.95.

As of 01:20PM (IST), the counter saw total traded volume of 12,797 shares with a traded value of Rs 7133.0 crore, according to NSE.

The stock had closed at Rs 555.4 in the previous session.

The scrip has advanced 3.66 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -3.34 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 53.05 while price-to-book ratio stood at 16.29. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Personal Care industry.

Promoter/FII Holding
Promoters held 59.39 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 24.96 per cent and 3.29 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 2523.0 crore for the quarter ended 30-Jun-2023, up 9.32 per cent from the previous quarter's Rs 2308.0 crore and up 2.02 per cent from the year-ago quarter's Rs 2575.0 crore. Its net profit for the latest quarter stood at Rs 427.0 crore, up 15.09 per cent from the same quarter a year ago.