Marico shares drop 0.63% as Sensex rises

Shares of Marico Ltd. traded 0.63 per cent lower in Thursday's session at 01:39PM (IST). The stock opened at Rs 481.75 and has touched an intraday high and low of Rs 482.4 and Rs 475.55, respectively, during the session so far.

The stock quoted a 52-week high of Rs 606.0 and a 52-week low of 455.8. About 176,963 shares changed hands on the counter so far.

Benchmark Nifty50 was up 104.35 points at 15517.65, while the BSE Sensex traded 304.37 points higher at 52126.9 at the time of writing of this report.

In the Nifty pack, 37 stocks traded the day in the green, while 12 were in the red.


Key Financials
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 year-ago quarter. The company reported net profit of Rs 251.0 crore for the latest quarter.

Promoter Holdings
Promoters held 59.49 per cent stake in the company as of 31-Mar-2022, while FIIs held 25.11 per cent and MFs 2.89 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 521.74 on June 23, while the 50-DMA was at Rs 510.24. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.