Marico shares up 0.45% as Sensex rises

Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 606.0 and a 52-week low of Rs 455.8 on NSE. Around 12386 shares changed hands on the counter till 01:35PM (IST).

The stock opened at Rs 513.0 and has touched an intraday high and low of Rs 515.75 and Rs 512.85 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 54.31, earnings per share (EPS) of Rs 9.48 and price to book value (PB) of 19.41, while the return on equity (ROE) stood at Rs 36.88.

Promoter/ FII Holding
The promoters held 59.48 per cent stake in the company as of July 29, while FII and MF ownerships stood at 25.16 per cent and 2.75 per cent, respectively.

Key Financials

With a market capitalisation of Rs 66585.73 crore, the company operates in the Personal Care industry. For the quarter ended 31-Mar-2022, the company reported consolidated sales of Rs 2185.0 crore, down 10.05 per cent from the previous quarter?s Rs 2429.0 crore and down 7.06 per cent from the same quarter a year ago. The company reported net profit of Rs 251.0 crore for the latest quarter, up 14.61 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 55.31. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.