5 Key Metrics Driving Marico Share Performance in 2024: Beyond the P/E Ratio
Shares of Marico Ltd. witnessed a dip of 0.74% to Rs 641.05 at 1:28 PM on Thursday. The stock opened the session with a gap-down, reflecting ongoing market volatility. Here’s a detailed analysis of the stock’s performance, including key financial ratios, technical indicators, and more.
Main Points
As per BSE data, the total traded quantity for Marico Ltd. stood at 22,089 shares with a turnover of Rs 1.41 crore by 1:28 PM (IST). The stock traded at a price-to-earnings (P/E) ratio of 54.75 and a price-to-book (P/B) ratio of 16.73.
The Return on Equity (ROE) for the stock is 38.64%, a strong indicator of profitability. Marico hit an intraday high of Rs 646.4 and a low of Rs 637.05. Over the past year, the stock has ranged between a 52-week high of Rs 692.7 and a 52-week low of Rs 486.75.
Key Metrics Overview
| Metric | Value |
|---|---|
| Share Price (at 01:28 PM) | Rs 641.05 |
| Traded Quantity | 22,089 shares |
| Turnover | Rs 1.41 crore |
| Price-to-Earnings (P/E) | 54.75 |
| Price-to-Book (P/B) | 16.73 |
| Return on Equity (ROE) | 38.64% |
| 52-Week High | Rs 692.7 |
| 52-Week Low | Rs 486.75 |
Moving Averages
The 200-Day Moving Average (DMA) of the stock stood at Rs 570.57 as of September 5. Meanwhile, the 50-DMA was at Rs 653.45. When a stock trades above both its 50-DMA and 200-DMA, it usually indicates a bullish trend. Conversely, trading below both suggests a bearish outlook. Currently, Marico is trading between its 50-DMA and 200-DMA, hinting that the stock could move in either direction depending on market conditions.
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Relative Strength Index (RSI)
The Relative Strength Index (RSI) of Marico stood at 42.48. The RSI is a momentum oscillator ranging from 0 to 100. A stock is considered overbought when its RSI is above 70 and oversold when it drops below 30. With an RSI of 42.48, Marico’s stock is neither overbought nor oversold, indicating a relatively neutral stance from a technical perspective.
Stock Beta
Marico has a beta value of 0.8, meaning the stock is less volatile compared to the broader market. A beta less than 1 suggests that the stock is more stable during market fluctuations.
Promoter and Institutional Holdings
As of June 30, 2024, promoters held 59.28% of Marico’s shares. Foreign Institutional Investors (FIIs) held 24.61%, while Domestic Institutional Investors (DIIs) held 11.06%. This strong promoter holding shows confidence in the company’s management and long-term growth potential.
| Investor | Stake |
|---|---|
| Promoters | 59.28% |
| FIIs | 24.61% |
| DIIs | 11.06% |
According to experts, Marico Ltd. has shown resilience amid market volatility. The company’s fundamentals are strong, and it continues to be a preferred stock among long-term investors. However, the short-term movements suggest that investors should remain cautious as technical indicators show a mixed outlook.
Note: This article is written for educational purposes, Local Haryana does not provide buying and selling of any kind of stock
