Marico declines 0.31% as Sensex slides

Shares of Marico Ltd. traded at Rs 578.8 on BSE at 10:46AM (IST) on Wednesday, down 0.31 per cent from previous close.

The scrip quoted a 52-week low price of Rs 462.95 and a high of Rs 591.7.

Earlier, shares of the company saw a gap down opening in the morning.

A total of 14,822 lakh shares changed hands on the counter till 10:46AM (IST).

The stock of Marico Ltd. commanded a market value of Rs 74926.7 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 55.17, while the price-to-book value ratio stood at 16.29. Return on equity (ROE) was at 34.66 per cent, according to exchange data.

In the BSE500 pack, 302 stocks traded in the green, while 200 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 0.8.

Promotor/FII Holding
Promoters held 59.39 per cent in Marico Ltd. as of 30-Jun-2023 while foreign and domestic institutional investors owned 24.96 per cent and 3.29 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 520.9 on September 13, while the 50-DMA was at 557.91. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.