Marico Shares Drop 0.58% As Sensex Falls

The stock quoted a 52-week excessive of Rs 606.0 and a 52-week low of 346.0. About 22,034 shares modified arms on the counter thus far.


Benchmark Nifty50 was down 85.9 elements at 18092.20, whereas the BSE Sensex traded 182.22 factors lower at 60741.28 on the time of writing of this report.


In the Nifty pack, 12 shares traded the day within the inexperienced, whereas 38 have been throughout the pink.


For the quarter ended 30-Jun-2021, the company reported consolidated gross sales of Rs 2552.0 crore, up 25.04 per cent from the sooner quarter’s Rs 2041.Zero crore and up 31.28 per cent from the 12 months-in the past quarter. The firm reported web revenue of Rs 356.0 crore for the latest quarter.


Promoter Holdings


Promoters held 59.Fifty two per cent stake inside the firm as of 30-Sep-2021, whereas FIIs held 25.Ninety two per cent and MFs 2.Seventy three per cent.


Technicals


On the technical charts, the 200-Day Shifting Average (DMA) of the inventory stood at Rs 478.92 on October 22, whereas the 50-DMA was at Rs 551.69. If a inventory trades above 50-DMA and 200-DMA, it usually means the speedy pattern is upward. On the opposite hand, if the stock trades effectively beneath 50-DMA and 200-DMA every, it’s considered bearish pattern and if trades between these averages, then it suggests the inventory can go both method.


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