Friday, July 5, 2024
29 C
Surat
29 C
Surat
Friday, July 5, 2024

Shares of Marico rose as Nifty rose

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Shares of Marico Ltd rose 1.21 percent by 10:20AM (IST) on Friday to Rs. 619.05 was reached. During the session it was Rs. 622.1 high and Rs. It touched a low of 610.85.

Share Rs. 666.85 to its 52-week high and Rs. 486.75 was quoted as low. The return on equity for the stock was 38.64 percent. Around 7,488 shares have changed hands on the counter so far.

The stock’s beta value, which measures its volatility relative to the broader market, stood at 0.8.

The scrip has been an underperformer compared to the 26.86 percent gain in the Sensex over the past one year, which has gained 15.99 percent.

Technicals
On the technical chart, the stock’s 200-day moving average (DMA) on June 28 was Rs. 486.75, while the 50-DMA was Rs. was 587.17. If a stock trades well above the 50-DMA and 200-DMA, it usually means that the immediate trend is up. On the other hand, if the stock trades well below both the 50-DMA and 200-DMA, it is considered a bearish trend and if it trades between these averages, it indicates that the stock could go either way.

Promoter/FII holding

As on 31-Mar-2024, promoters held 59.35 per cent stake in Marico Ltd. Mutual funds and foreign institutional investors accounted for 3.12 percent and 25.54 percent.

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