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Marico stock price: Marico shares up 0.37% as Nifty wins

NEW DELHI: Shares of Marico Ltd. traded up 0.37% in Thursday trade at 11:31 a.m. (IST). Approximately 16,453 shares changed hands over the counter.

The stock opened at Rs 538.0 and touched an intraday high and low of Rs 538.0 and Rs 526.15, respectively, during the session so far. The shares of Marico Ltd. cited a 52-week high of Rs 606.0 and a 52-week low of Rs 402.0.

The total market capitalization of Marico Ltd. stood at Rs 68,724.57 crore at the time of writing.

Key financial data

The company reported consolidated sales of Rs 2,429.0 crore for the quarter ended December 31, 2021, down 0.61% from Rs 2,444.0 crore in the previous quarter and down 13.19% from at Rs 2146.0 crore in the prior year quarter.

Net profit for the last quarter stood at Rs 310.0 crore, up 0.98% from the corresponding quarter last year.

Ownership model

As of March 31, 2022, domestic institutional investors held 2.89% of the company’s capital, while foreign institutional investors held 25.11% and promoters 59.49%.

Valuation coefficient

According to BSE data, the stock was trading at a P/E multiple of 57.56 and a price-to-book ratio of 16.38. A higher P/E ratio shows that investors are willing to pay a higher price due to better expectations for future growth. The price-to-book ratio indicates the intrinsic value of a company and is the measure of the price that investors are willing to pay even without growth of the company.

marico ltd. belongs to personal care industry.