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    Marico shares drop 1.49% as Sensex rises

    Synopsis

    A total of 24,397 shares changed hands on the counter till 01:39PM (IST)

    A broker reacts while trading at his computer terminal at a stock brokerage firm in MumbaiReuters
    Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a correction.
    Shares of Marico Ltd. traded 1.49 per cent down at Rs 481.9 at 01:39PM (IST) on Wednesday, even as BSE benchmark Sensex gained 27.12 points to 53204.57. The scrip had closed at Rs 489.2 in the previous session.

    The stock quoted a 52-week high and 52-week low of Rs 606.0 and Rs 455.8, respectively.

    As per BSE data, total traded volume on the counter till 01:39PM (IST) stood at 01:39PM shares with turnover at Rs 1.17 crore.

    At the prevailing price, shares of the company trades at 50.8 times its trailing 12-month EPS of Rs 9.48 per share and 19.41 times its price-to-book value, BSE data showed.

    A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

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

    Shareholding Details
    Promoters held 59.49 per cent stake in the company as of 31-Mar-2022, while FIIs owned 25.11 per cent and DIIs 8.76 per cent.



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    (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

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