Marico shares fall 1.18 per cent in Tuesday's trading session

Shares of Marico Ltd. fell 1.18 per cent to Rs 495.5 in Tuesday's trade as of 01:03PM (IST) even as the benchmark Nifty ruled at 15735.70, down 38.7 points.

The scrip had closed at Rs 501.4 in the previous session. The stock quoted a 52-week low of Rs 455.8 and a high of Rs 606.0. The company quoted a market-cap of Rs 64827.35 crore on the BSE.

On BSE, 42,831 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 51.95 times its trailing 12-month EPS of Rs 9.48 per share and 19.41 times its book value. The return on equity (ROE) stood at Rs 36.58.

Key Financials
For the quarter ended 31-Mar-2022, Marico Ltd. reported consolidated sales of Rs 2185.0 crore, down 7.06 per cent from the same quarter a year ago. The company reported 14.61 per cent YoY growth in net profit at Rs 251.0 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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.