In today’s trading, shares of Marico Ltd. went up by 0.37% around 11:51 AM IST. The stock opened at Rs 647.95, reaching a high of Rs 654.30 and a low of Rs 644.00 during the day. Over the past year, the highest price for the stock was Rs 719.80, while the lowest was Rs 486.75. So far, about 6,791 shares have been traded today.
In the broader market, the Nifty50 index rose by 130.25 points, landing at 23,746.3, while the BSE Sensex climbed by 303.58 points, reaching 78,268.57.
Looking at Marico’s sales, for the three months ending September 30, 2024, the company made sales of Rs 2,746 crore. That’s an increase of 2.46% from the previous quarter and 9.23% compared to the same time last year. They also made a profit of Rs 423 crore in the latest quarter.
When it comes to who owns Marico, the promoters have a 59.2% share, while Foreign Institutional Investors (FIIs) own 24.87% and Mutual Funds (MFs) hold 4.92%.
Technical Insights:
On the charts, Marico’s 200-Day Moving Average (DMA) is at Rs 622.67, and the 50-DMA is at Rs 630.99. If the stock stays above both averages, it shows a positive trend. But if it falls below these averages, it signals a negative trend. If it trades between these averages, the stock’s future direction is uncertain.
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