Shares of Marico Ltd. were trading slightly down by 0.04% at Rs 672.55 at 10:25 AM (IST) on Monday. This drop happened even as the BSE’s main index, the Sensex, went up by 407.94 points to reach 76,970.97. Last time, the stock closed at Rs 672.85.
Marico’s shares hit a high of Rs 719.80 and a low of Rs 486.75 over the past year. As of 10:25 AM, 3,444 shares had been traded, earning a total of Rs 0.24 crore. Currently, Marico’s shares are valued at 54.77 times its earnings over the past 12 months, which is Rs 12.26 per share. This high number suggests that investors expect the company to grow in the future.
The price-to-book value of Marico stands at 16.73, indicating what investors are willing to pay for the company’s assets even if there is no growth. The stock’s Beta, a number that shows how much it moves compared to the market, is at 0.7960—meaning it’s less volatile than the average stock.
In terms of ownership, as of September 30, 2024, promoters own 59.2% of the company, foreign institutional investors (FIIs) hold 24.87%, and domestic institutional investors (DIIs) own 4.92%.
Looking at technical analysis, the relative strength index (RSI) of Marico’s stock is at 63.35. The RSI ranges from 0 to 100; if it’s above 70, the stock might be considered overpriced, while below 30 might indicate it’s cheap. However, experts say it’s good to use the RSI along with other tools rather than making decisions based on just one measure.
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