Marico Share Price: Buy Marico, target price price Rs 550: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has buy call on Marico with a target price of Rs 550.

The current market price of

is Rs 520.9 Time period given by analyst is Intra Day when Marico Ltd. price can reach defined target. Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 67298.71 Crore) operating in FMCG sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2041.00 Crore, down -4.89 % from last quarter Total Income of Rs 2146.00 Crore and up 33.57 % from last year same quarter Total Income of Rs 1528.00 Crore. Company reported net profit after tax of Rs 227.00 Crore in latest quarter.


Investment Rationale
Price volume breakout on weekly frame and making higher lows from the last four sessions.


Promoter/FII Holdings
Promoters held 59.6 per cent stake in the company as of March 31, 2021, while FIIs held 24.1 per cent, DIIs 10 per cent and public and others 6.3 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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