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    Share price of Marico falls as Nifty weakens

    Synopsis

    A total of 7,361 shares changed hands on the counter till 11:43AM (IST).

    macdGetty Images
    MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
    Shares of Marico Ltd. slipped 0.25 per cent to Rs 495.0 in Monday's trade as of 11:43AM (IST). The stock hit a high price of Rs 499.0 and low of Rs 494.9 during the session.

    The return on equity (ROE) for the stock stood at 36.88 per cent. Traded volume on the counter stood at 11:43AM shares and turnover at Rs 0.37 crore around that time. The stock of Marico Ltd. quoted a 52-week high price of Rs 554.05 and 52-week low prices of Rs 455.8, respectively.

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

    Promotor/FII Holding
    Promoters held 59.4 per cent stake in the company as of 30-Sep-2022, while FIIs held 25.16 per cent and domestic institutional investors had 2.75 per cent.

    Key Financials
    The company reported consolidated sales of Rs 2515.0 crore for the quarter ended 30-Sep-2022, down 2.33 per cent from previous quarter's Rs 2575.0 crore and down 2.91 per cent from the year-ago quarter's Rs 2444.0 crore. Net profit after tax for the latest quarter stood at Rs 301.0 crore, down 2.59 per cent from the same quarter a year ago.

    Technicals
    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 topof 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.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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