Marico share price up 2.53 per cent

Shares of Marico Ltd. traded 2.53 per cent up at Rs 696.35 at around 11:10AM (IST) on Tuesday. The stock had closed at Rs 679.15 in the previous session. Equity benchmark Sensex traded 453.59 points higher at 81503.59 around the same time. The scrip has climbed 29.59 per cent in the last one year till date, while the 30-share index has gained 20.14 per cent during the same period.

The stock’s 52-week high price stood at Rs 719.8 and the 52-week low price at Rs 486.75.

Trading volume on the counter stood at 10,411 shares, while it quoted a price-to-earnings ratio of 59.43, an EPS value of 11.73 and a price-to-book value of 16.73. In the Nifty50 pack, 31 stocks traded in the green, while 18 stocks were in the red. Promoter/FII Holding
Promoters held 59.28 per cent stake in the company as of 30-Jun-2024, while overseas investor and mutual funds’ ownership stood at 24.61 per cent and 5.04 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 2680.0 crore, up 16.88 per cent from the previous quarter’s Rs 2293.0 crore and up 6.22 per cent from the year-ago quarter’s Rs 2523.0 crore. The company reported net profit of Rs 464.0 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish 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.