Marico Share Price: Marico shares fall 0.62% as Nifty advances

Actions of Marico Ltda. was trading 0.62 per cent lower at Rs 687.45 on Wednesday around 11:05 am (IST), while the benchmark BSE index Sensex advanced 161.22 points to 83,240.88.

A total of 3,325 shares worth Rs 0.23 crore were traded in the market.

The stock traded at a 52-week high price of Rs 705.15 and a 52-week low price of Rs 486.75.

On the technical charts, the stock’s 200-day moving average stood at Rs 577.61 while the 50-day moving average stood at Rs 665.73. If a stock is trading above both the 50-day moving average and the 200-day moving average, it usually means that the immediate trend is bullish. On the other hand, if the stock is trading below both the 50-day moving average and the 200-day moving average, it is considered to be in a bearish trend and if it is trading between the 50-day moving average and the 200-day moving average, then it suggests that the stock can go either way.

The company’s shares have gained 18.17 per cent in the past year, while Sensex has risen 22.67 per cent during the same period.

According BSE According to the data, the stock is trading at a price-earnings multiple of 58.77 and a price-to-book ratio of 16.73. A higher price-to-earnings ratio shows that investors are willing to pay a higher price due to better expectations of future growth. The price-to-book ratio indicates the inherent value of a company and reflects the price that investors are willing to pay even if there is no growth in a business. The stock belongs to the Personal Care industry.

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