Marico shares down 0.91% as Sensex falls

Shares of Marico Ltd. fell 0.91 per cent to Rs 510.0 in Tuesday's session as of 01:11PM (IST) even as the equity benchmark Sensex traded 656.83 points lower at 60090.48.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 554.05 and a 52-week low of Rs 455.8 on NSE. Around 5800 shares changed hands on the counter till 01:11PM (IST).

The stock opened at Rs 515.2 and has touched an intraday high and low of Rs 516.4 and Rs 508.75 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 53.48, earnings per share (EPS) of Rs 9.54 and price to book value (PB) of 19.41, while the return on equity (ROE) stood at Rs 36.88.

Promoter/ FII Holding
The promoters held 59.48 per cent stake in the company as of January 10, while FII and MF ownerships stood at 25.16 per cent and 2.91 per cent, respectively.

Key Financials
With a market capitalisation of Rs 65940.83 crore, the company operates in the Personal Care industry. For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 2515.0 crore, down 2.33 per cent from the previous quarter?s Rs 2575.0 crore and down 2.91 per cent from the same quarter a year ago. The company reported net profit of Rs 301.0 crore for the latest quarter, down 2.59 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 46.97. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.