Share price of Marico rises as Nifty strengthens

Shares of Marico Ltd. gained 0.16 per cent to Rs 506.0 in Monday's trade as of 12:51PM (IST).

The stock hit a high price of Rs 507.25 and low of Rs 501.15 during the session.

The return on equity (ROE) for the stock stood at 36.88 per cent. Traded volume on the counter stood at 12:51PM shares and turnover at Rs 1.33 crore around that time.

The stock of Marico Ltd. quoted a 52-week high and 52-week low prices of Rs 554.05 and Rs 455.8, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.8.

Promotor/FII Holding
Promoters held 118.96 per cent stake in the company as of 31-Dec-2022, while foreign investors held 50.14 per cent and domestic institutional investors had 19.32 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.