Investors
are advised not to invest until the respective company has been analysed and
not to follow unfounded rumours and tips. You can share your knowledge and
evidence of systemic misconduct, potential fraud or unethical behaviour via
anonymous portals on the BSE and NSE websites. Long-term equity investments of
5 years or more in Marico Limited are a good choice, as the likelihood of
making an investment doubles with greater certainty in the stock market.
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We
maintain our recommendation to buy the stock and have raised our price target
to Rs. Marico Limited`s share price closed at Rs305 in the first days of
February 2018, but fell to Rs295 in the next few days due to weak sales in this
business. In March 2018, the share price was quoted at Rs308 and has fluctuated
around Rs30.00 in recent days due to steady sales in the beauty and health
business.
In the
middle of the month the market moved towards the Marico Limited share price and
increased its value to Rs315. The share price ended 410% higher at Rs 296
compared to the previous closing price of Rs 28,440 on the BSE. The last traded
share price for Marico Ltd was Rs 55,900, an increase of 14.9% on NSE.
(ICICI
Securities Limited) (RECO) Target $41,560 $49,000 $41,560 $34.10 Buy Broker
Report: Marico is in the hair oil category that is saturated and sees cyclical
growth trends and inflationary price movements. RAYO ICIICI Securities Limited
(PRABHUDAS LILLADHAR) (TARGET $45,530 $45,200 $45,530 $21.40 Target Met)
Accumulating Brokers Report : Q4FY21 Results Update: Ideal Mix of Growth and
Value Accumulated Prabhudas Lilladhar
Marico
reported robust volume growth in this category, but gross margins disappointed
due to the inflation of key RM prices. MarICO is in the saturated hair oil
categories (IRCO) (TRS) (target $36,225 $44,000 -- $36,225 $5,384 Target Met)
Holding Broker Report: MarICO is saturated in food and hair oil categories and
there are limited growth opportunities.
It is
clear that Marico Ltd. (ICICI Securities Limited) is focused on gaining volume
and market share and not tinkering with the price. NSE Stock Marico Marico
Expert opinion: Buy / sell signals. Read on for expert opinion on Marico`s
short- and long-term price targets, buy and sell signals and scores.
Support
and resistance levels for Marico are derived on the basis of the analysis of
the entire year`s daily closing course. Whether or not the target is achieved
depends on the performance of the stock.
As of
June 2021, the promoters will hold 59.61% of Marico`s shares, following a
commitment to do so. NSE shares of Marico Marico were not defined by movements.
Marico Limited is a consumer goods company active in the beauty and wellness
sector. Marico Ltd was founded in 1988 and is a large cap company with a market
capitalization of 7,30,447.42 rupees operating in the FMCG sector.
Marico
is one of the most renowned consumer goods companies in India, offering a wide
range of beauty and health products and services. Reliance Industries Limited
is a Fortune Global 500 company and the largest private sector firm in India.
Mutual funds are popular with individual investors because of their advantages.
A portfolio is a collection of investment funds designed to meet your
investment objectives. Investing in an investment fund portfolio helps you
diversify your investments and reduce risk.
LKP
Wealth Advisory Ltd is registered as Investment Advisory under the registration
number Securities and Exchange Board of India (SEBI). Sensex, BSE Quotes, Nifty
and NSE Quotes are real time and are licensed by BSE & NSE. Profit after
tax in the previous quarter was Rs169 crore, but was significantly below the
quarter`s overall growth due to the imminent price cut in the parachute
portfolio. Taking into account higher margins, Jefferies revised its full-year
profit forecast upwards.
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