Marico Share Value: Shares of Marico fall as Nifty good points

Shares of Marico Ltd. slipped 0.21 per cent to Rs 540.85 in Monday’s commerce as of 11:47AM (IST). It hit a excessive of Rs 543.75 and low of Rs 540.0 in the course of the session.

The inventory quoted a 52-week excessive worth of Rs 595.0 and a low of Rs 462.95. The return on fairness for the inventory stood at 34.66 per cent. About 6,727 shares have modified fingers on the counter up to now.

The inventory’s beta worth, which measures its volatility in relation to the broader market, stood at 0.8.

The scrip has been an underperformer, up 5.74 per cent up to now one yr as compared with a 15.12 per cent acquire in Sensex.

Technicals
On the technical charts, the 200-day transferring common (DMA) of the inventory stood at Rs 462.95 on October 16, whereas the 50-DMA was at Rs 567.03. If a inventory trades effectively above 50-DMA and 200-DMA, it normally means the instant development is upward. Then again, if the inventory trades effectively under 50-DMA and 200-DMA each, it’s thought of a bearish development and if trades between these averages, then it suggests the inventory can go both means.

Promoter/FII Holding
Promoters held 59.39 per cent stake in Marico Ltd. as of 30-Jun-2023. Mutual funds and overseas institutional traders held 3.29 per cent and 24.96 per cent stake.

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