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 74344.87 Crore) operating in FMCG sector.
Marico Ltd. key Products/Revenue Segments include Edible Oil, Others, Personal Care, Export Incentives, Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2552.00 Crore, up 25.04 % from last quarter Total Income of Rs 2041.00 Crore and up 31.28 % from last year same quarter Total Income of Rs 1944.00 Crore. Company reported net profit after tax of Rs 365.00 Crore in latest quarter.
Investment Rationale
After losing ~10 per cent from the recent high, the bulls have regained momentum on the upside. Follow-up buying can lift the stock towards Rs 600 zone.
Promoter/FII Holdings
Promoters held 59.52 per cent stake in the company as of 30-Sep-2021, while FIIs owned 25.92 per cent, DIIs 8.5 per cent.
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