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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.