Stock of Interest

Posted On: August 3, 2023

Stock Report: MARICO (NSE) 02 Aug 23 

Marico Limited, a renowned Indian multinational, specializes in health, beauty, and wellness consumer goods. Headquartered in Mumbai, the company operates across Asia and Africa, offering an extensive product line, including hair care, skin care, edible oils, health foods, male grooming, and fabric care. With a turnover of ₹7,315 crores in 2019-2020, Marico has established a strong market presence. The company owns eight factories in India and is led by Chairman Harsh Mariwala and MD & CEO Saugata Gupta. Marico continues to showcase robust financial performance, with FY23 revenue reaching ₹9,764 crore (US$1.2 billion), operating income at ₹1,799 crore (US$230 million), and net income at ₹1,302 crore (US$160 million). As of 2022, its total assets are valued at ₹5,786 crore (US$720 million), with total equity amounting to ₹3,348 crore (US$420 million). With a dedicated workforce of 1,631 employees, Marico remains committed to delivering top-notch personal care, skin care, and convenience food products worldwide. Founded by Harsh Mariwala, the company’s leadership has played a pivotal role in elevating its stature in the consumer goods industry. 

#xCalData predicts #MARICO will continue its Bullish phase over the next five days and trend in the range of 598.8 to 552.9. 

In comparison to the previous month, the price of the stock has experienced an increase of 5.54% indicating a bullish. 

The Stock has doubled once since 12 Jan 2015 and took an average of 2.3 years to double.  

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 4 years for the same week, we see the stock has given negative returns in 1 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days.

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