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    Share price of Marico jumps as Sensex drops 44.3 points

    Synopsis

    A total of 16,952 shares changed hands on the counter till 12:09PM (IST)

    Stock-market-4---istockAgencies
    Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
    Share price of Marico Ltd. gained 0.39 per cent to Rs 503.75 at 12:09PM (IST) in Friday's trade. The stock hit a high of Rs 505.75 and low of Rs 496.05 so far during the session. The stock had closed at Rs 501.8 in the previous session.

    The counter had a total traded volume of 12:09PM shares so far with a turnover of Rs 0.85 crore on BSE. The stock traded at a price-to-earnings multiple of 52.74 and a price-to-book ratio of 19.41.

    A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

    The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Marico Ltd. belongs to the Personal Care industry.

    Promotor/FII Holding
    Promoters held 59.48 per cent stake in the company as of 31-Dec-2022, while overseas investors and domestic institutional investors ownership stood at 25.07 per cent and 9.66 per cent, respectively.

    Key Financials
    The company reported consolidated net sales of Rs 2515.0 crore for the quarter ended 30-Sep-2022, down 2.33 per cent from the previous quarter's Rs 2575.0 crore and down 2.91 per cent from the year-ago quarter's Rs 2444.0 crore.

    Its profit for the latest quarter stood at Rs 301.0 crore, down 2.59 per cent from the same quarter a year ago.



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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
    The Economic Times

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