The Economic Times daily newspaper is available online now.

    Marico shares drop 0.85% as Sensex falls

    Synopsis

    The stock quoted a 52-week high of Rs 554.05 and a 52-week low of Rs 455.8.

    market-getty-24Getty Images
    Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
    Shares of Marico Ltd. traded 0.85 per cent lower in Friday's session at 11:38AM (IST). The stock opened at Rs 501.5 and has touched an intraday high and low of Rs 504.2 and Rs 497.0, respectively, during the session so far.

    The stock quoted a 52-week high of Rs 554.05 and a 52-week low of 455.8. About 6,219 shares changed hands on the counter so far.

    Benchmark Nifty50 was down 29.4 points at 17828.8, while the BSE Sensex traded 131.79 points lower at 59826.24 at the time of writing of this report.

    In the Nifty pack, 22 stocks traded the day in the green, while 28 were in the red.


    Key Financials
    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 year-ago quarter. The company reported net profit of Rs 301.0 crore for the latest quarter.

    Promoter Holdings
    Promoters held 59.48 per cent stake in the company as of 30-Sep-2022, while FIIs held 25.16 per cent and MFs 2.91 per cent.

    Technicals
    On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 512.72 on January 13, while the 50-DMA was at Rs 507.88. 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.



    (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


    (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

    Stories you might be interested in